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Zinc marginally up in futures trade

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Press Trust of India New Delhi

Zinc rose marginally by 0.34% to Rs 103.90 per kg in futures trade today, tracking gains in the base metals pack on the London Metal Exchange (LME).

On the Multi Commodity Exchange, zinc for delivery in December edged up by 35 paise, or 0.34%, to Rs 103.90 per kg, with a trading volume of 495 lots.

The metal for January contract delivery also moved up by 30 paise, or 0.29%, to Rs 104.80 per kg, with an open interest for 22 lots.

Market analysts said apart from a firming trend in base metals on the LME, a pick-up in domestic demand influenced zinc futures prices here.

Meanwhile, zinc was being quoted 0.8% higher at $2,000 per tonne in early trade on the LME.

 

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First Published: Dec 09 2011 | 11:03 AM IST

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