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Zinc marginally up in futures trade on spot demand

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Press Trust of India New Delhi

In range-bound thin trading, zinc futures today rose by Rs 0.15, or 0.15 per cent, to Rs 97.60 per kg, largely influenced by increased demand for the metal at the spot market.

The zinc contract for delivery in October month traded Rs 0.15, or 0.15 per cent, higher at Rs 97.60 per kg, with a turnover of 1 lot at the Multi Commodity Exchange.

The August and September contracts also gained Rs 0.10, or 0.10 per cent each, to trade at Rs 95.60 and Rs 96.75 per kg, respectively in a turnover of 801 and 60 lots.

Market analysts attributed the rise in zinc futures to firming trend at the spot market on increased demand and some strength in base metals overseas.

 

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First Published: Aug 23 2010 | 12:45 PM IST

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