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Zinc futures rise 0.88% on global cues

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Press Trust of India New Delhi
Last Updated : Feb 22 2016 | 12:13 PM IST
Zinc prices rose 0.88 per cent to Rs 121.05 per kg in futures trading today in tandem with a firming trend overseas.
Besides, an increased demand from consuming industries at spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in the current month was trading higher by Rs 1.05, or 0.88 per cent, to Rs 121.05 per kg in a business turnover of 513 lots.
The metal for delivery in March gained 90 paise, or 0.71 per cent, to trade at Rs 121.15 per kg in volume of 67 lots.
Analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend where it jumped to the highest level since October on optimism the appointment of a new head for China's securities regulator will restore confidence in the country's capital markets.
Meanwhile, zinc for delivery in three months added 1.5 per cent, to USD 1,770 per tonne on the London Metal Exchange.

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First Published: Feb 22 2016 | 12:13 PM IST

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