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Zinc marginally up 0.65% on spot demand

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Press Trust of India New Delhi

Zinc futures prices today rose by Rs 0.60, or 0.65 per cent, to Rs 93.05 per kg, on good spot demand amid firming trend in other base metals.

Firming trend at spot markets on the back of strong demand from the consuming industries also influenced the zinc futures prices here.

At the Multi Commodity Exchange counter, the zinc contract for August delivery traded Rs 0.60, or 0.65 per cent higher, at Rs 93.05 per kg, with a turnover of 2,152 lots.

The September contract also went up by Rs 0.55, or 0.59 per cent, to Rs 94.35 per kg, with a turnover of 146 lots.

Marketmen attributed the rise in zinc futures prices to firmness in other base metals and pick up in spot demand.

 

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First Published: Aug 25 2010 | 12:30 PM IST

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