Business Standard

Zinc gains 0.5% on spot demand

Firm global cues influence prices

Image

Press Trust of India New Delhi

Amid pick up in domestic demand and a firming global trend, zinc gained 0.50% to Rs 100.95 per kg in futures trade today.

At the Multi Commodity Exchange, zinc for delivery in October traded higher by 50 paise, or 0.50%, to Rs 100.95 per kg, with a business turnover of 2,060 lots.

November zinc edged up by 60 paise, or 0.39%, to 102.30 per kg, with a business turnover of 162 lots.

Marketmen said besides pick up in demand in the spot market, a firm trend in industrial metals in the global market helped zinc to trade higher at futures trade here.

 

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

First Published: Oct 16 2012 | 12:04 PM IST

Explore News