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Zinc marginally up 0.6%

Metal for delivery in November traded higher by 0.5%

Press Trust of India New Delhi
Tracking a firming trend in other base metals, zinc futures traded 0.62% higher at Rs 121.80 per kg today as participants enlarged positions.

Besides, a firm demand for the metal at the spot markets also supported the upside.

At the Multi Commodity Exchange, zinc for delivery in December rose by 75 paise, or 0.62%, to Rs 121.80 per kg, with a turnover of 6 lots.

Similarly, the metal for delivery in November traded higher by 60 paise, or 0.50%, to Rs 120.60 per kg, with a turnover of 1,289 lots.

Marketmen said gains in base metals at the London Metal Exchange as China's manufacturing expanded more than estimated in October, boosting the demand outlook for the industrial metal, influenced zinc futures prices.

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First Published: Nov 01 2013 | 2:02 PM IST

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