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Zinc rises by 0.5% on short-covering

Rising demand in the spot market also influenced zinc prices

Press Trust of India New Delhi
Zinc prices today rose by 0.51% to Rs 110.05 per kg in futures trade as speculators created fresh positions, driven by a rising spot demand.
 
At the Multi Commodity Exchange, zinc for delivery in July rose by 55 paise, or 0.51%, to Rs 108.80 per kg in business turnover of 2,073 lots.
 
Likewise, the metal for delivery in August traded higher by 45 paise, or 0.41%, to Rs 110.05 per kg in 536 lots.
 
Market analysts said apart from short-covering by speculators in view of ending settlement, rising demand in the spot market, mainly influenced zinc prices at futures trade.
 

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First Published: Jul 30 2013 | 12:56 PM IST

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