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Zinc marginally up in futures trade on spot demand

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Press Trust of India New Delhi
Last Updated : Oct 13 2014 | 3:05 PM IST
Zinc prices inched up by 0.07 per cent to Rs 142.60 per kg in futures trade today largely in tandem with rising demand in the spot market.
Further, firming trend in base metals in global markets also influenced zinc prices.
At the Multi Commodity Exchange, zinc for delivery in October traded marginally up by 10 paise, or 0.07 per cent to Rs 142.60 per kg in business turnover of 735 lots.
In a similar fashion, the metal for delivery in November edged higher 5 paise, or 0.03 per cent to Rs 143.20 per kg in 26 lots.
Market analysts said fresh positions built-up by participants on the back a rise in demand in the spot market mainly helped zinc prices to trade higher at futures trade.

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First Published: Oct 13 2014 | 3:05 PM IST

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