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Zinc futures rise by 0.65% on global cues

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Press Trust of India New Delhi
Last Updated : Mar 18 2016 | 12:02 PM IST
Zinc prices rose 0.65 per cent to Rs 123.10 per kg in futures trading today in tandem with a firming trend overseas.
Besides, increased demand from domestic consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in current month was trading higher by 80 paise, or 0.65 per cent, to Rs 123.10 per kg in a business turnover of 1,103 lots.
The metal for delivery in April rose by a similar margin to trade at Rs 123.75 per kg in 106 lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend as the recovery in China's property market accelerated, triggering optimism of demand recovery in the world's biggest commodities consumer.

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First Published: Mar 18 2016 | 12:02 PM IST

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