Zinc futures up 0.52 pc on spot demand, global cues
Press Trust of India New Delhi Zinc prices were trading higher by 0.52 per cent to Rs 183.25 per kg in futures trade today as speculators created fresh positions, taking positive cues from the domestic spot market on upsurge in demand.
Besides, firming trend in base metals in global markets supported the upside.
At the Multi Commodity Exchange, zinc for delivery in far-month February rose 95 paise, or 0.52 per cent to Rs 183.25 per kg in a business turnover of 21 lots.
On similar lines, the metal for delivery in January traded higher by 80 paise, or 0.44 per cent to Rs 182.80 per kg in 803 lots.
Market analysts attributed the recovery in zinc futures to fresh bets created by participants due to pick-up in demand from consuming industries in the spot market and a firm trend in base metals in global markets.
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