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Zinc rises 0.39% in futures trade on global cues

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Press Trust of India New Delhi

Supported by pick-up in spot demand and a better trend at the London Metal Exchange, zinc futures prices rose by 0.39% today. 

At the Multi Commodity Exchange, zinc for July delivery traded higher by 40 paise, or 0.39%, to Rs 103.25 per kg, with a business turnover of 1,072 lots.

Similarly, the metal for August delivery weakened by 35 paise, or 0.38%, to Rs 104.35 per kg, with a trade volume of 27 lots.   

Market analysts said besides pick-up in spot demand, gains in zinc prices at the London Metal Exchange (LME) also influenced metal prices at futures trade here. 

 

Meanwhile, zinc rose 0.7% to $2,326.50 a tonne at the LME.

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First Published: Jul 12 2011 | 1:24 PM IST

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