Business Standard

Zinc futures gain 0.43% on global cues

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Press Trust of India New Delhi

Zinc futures prices rose 0.43 per cent to Rs 106.05 per kg today on fresh positions created by speculators, after tracking a firming trend in base metals in global markets.

At the Multi Commodity Exchange platform, zinc for October delivery rose by 45 paisa, or 0.43 per cent, to Rs 106.05 per kg, with a business turnover of four lots.

Similarly, the metal for delivery in November edged higher by 35 paisa, or 0.33 per cent, to Rs 106.70 per kg, with a business volume of two lots.

Analysts said a firming trend in base metals in global markets, as the outlook for demand improved, mainly led to a rise in zinc futures prices.

 

Meanwhile, zinc added 0.60 per cent to $2,428 a metric tonne on the London Metal Exchange.

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First Published: Oct 15 2010 | 1:57 PM IST

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