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Zinc up by 0.2% on overseas cues

Speculators created positions amid a firming trend in base metals overseas and better domestic demand

Press Trust of India New Delhi
Last Updated : Apr 16 2015 | 11:32 AM IST
Zinc futures rose marginally by 0.18% to Rs 138.40 per kg as speculators created positions amid a firming trend in base metals overseas and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in May was up by 25 paise, or 0.18%, to Rs 138.40 per kg, with a business turnover of 16 lots.

The metal for delivery in April also edged higher by just five paise, or 0.04%, to Rs 137.60 per kg, with a business turnover of 124 lots.

Marketmen said besides a firming trend at domestic spot market, strength in base metals at the London Metal Exchange, supported the upside in zinc prices at futures trade.

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First Published: Apr 16 2015 | 11:22 AM IST

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