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Zinc up 0.3% on overseas cues, spot demand

Speculators created positions amid a firming trend in base metals

Press Trust of India New Delhi
Last Updated : Aug 11 2014 | 12:14 PM IST
Zinc futures were marginally up by 0.32% to Rs 140.75 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 August was up by 45 paise, or 0.32%, to Rs 140.75 per kg, with a business turnover of 131 lots.

The metal for delivery in September also rose by a similar margin to trade at Rs 141.30 per kg, with a business turnover of three lots.

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

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First Published: Aug 11 2014 | 11:55 AM IST

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