Don’t miss the latest developments in business and finance.

Zinc up by 0.1% on overseas trend, spot demand

Speculators enlarged positions taking positive cues from overseas markets

Press Trust of India New Delhi
Last Updated : Oct 22 2014 | 11:27 AM IST
Taking positive cues from the global markets and better domestic demand, zinc futures today edged up by 0.11% to Rs 135.70 per kg as speculators enlarged positions.

At the Multi Commodity Exchange, zinc for delivery in October was up by 15 paise, or 0.11%, to Rs 135.70 per kg, with a business turnover of 256 lots.

The metal for delivery in November also rose by 5 paise, or 0.04%, to Rs 136 per kg in a business volume of six lots.

More From This Section

Marketmen said improved demand in the spot market amid a firming trend in select base metals overseas before a report projected to show sustained manufacturing expansion in China, the biggest consumer of industrial metals, influenced zinc prices at futures trade here.

Globally, zinc for delivery in three months at the London Metal Exchange climbed 0.2% to $2,215.25 a tonne.

Also Read

First Published: Oct 22 2014 | 10:57 AM IST

Next Story