Business Standard

Sunday, January 19, 2025 | 02:09 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Zinc edges higher on firming global trend

The rise in zinc futures is attributed to a firming trend in global markets and increased demand in the spot market

Image

Press Trust of India New Delhi

Amid a firming trend in base metals at the London Metal Exchange (LME), zinc prices edged higher by 0.58% to Rs 104.55 per kg in futures trading today.

Rising demand at the domestic spot markets also supported the uptrend in zinc futures.

At the MCX, the May delivery traded higher by 60 paise, or 0.58%, to Rs 103.85 per kg, with a business turnover of 693 lots.

The June contract edged up by 55 paise, or 0.53%, to Rs 104.55 per kg, with a business turnover of 72 lots.

Analysts attributed the rise in zinc futures to a firming trend in global markets and increased demand in the spot market.

 

At the LME, zinc gained 0.5% to $1,908 per tonne.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 17 2012 | 12:59 PM IST

Explore News