 "Zinc rises by 0.6% on global cues")
Zinc prices rose by 0.59% to Rs 120.30 per kg in futures trading today in tandem with a firming trend overseas.
Besides, increased demand from consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in current month (September) was trading higher by 70 paise, or 0.59%, to Rs 120.30 per kg in a business turnover of 399 lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend ahead of Chinese trade data to be released tomorrow.
Meanwhile, zinc for delivery in three months added 0.9%, to $1,801 per tonne on the London Metal Exchange.
Besides, increased demand from consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in current month (September) was trading higher by 70 paise, or 0.59%, to Rs 120.30 per kg in a business turnover of 399 lots.
More From This Section
The metal for delivery in October in restricted activity gained 70 paise, or 0.58%, to trade at Rs 121.05 per kg in volume of just 11 lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend ahead of Chinese trade data to be released tomorrow.
Meanwhile, zinc for delivery in three months added 0.9%, to $1,801 per tonne on the London Metal Exchange.