Business Standard

Zinc rises by 0.27% on spot demand

Speculators created fresh positions, driven by a rise in spot demand influencing zinc prices

Press Trust of India New Delhi
Zinc prices rose by 0.27% to Rs 112.25 per kg in futures trade as speculators created fresh positions, driven by a rise in spot demand.
 
At the Multi Commodity Exchange, zinc for delivery in August declined by 30 paise, or 0.27%, to Rs 112.25 per kg in business turnover of 122 lots.
 
Likewise, the metal for delivery in July traded higher by 25 paise, or 0.23%, to Rs 110.85 per kg in 1,507 lots.
 
Market analysts said fresh positions created by speculators on the back of a rise in demand in the spot market mainly influenced zinc prices at futures trade.
 
 
Meanwhile, zinc was little changed at $1,893.75 a tonne on the London Metal Exchange.

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First Published: Jul 16 2013 | 1:10 PM IST

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