Business Standard

Zinc up 0.7% on firm spot demand, global cues

Metal for delivery in November traded higher by 0.61%

Press Trust of India New Delhi
Zinc futures prices today edged up by 0.74% to Rs 115.15 per kg today as speculators enlarged positions, amid a firm global trend and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in October increased by 85 paise, or 0.74%, to Rs 115.15 per kg, with a business turnover of 258 lots.

Likewise, the metal for delivery in November traded higher by 70 paise, or 0.61%, to Rs 116.40 per kg in a turnover of one lot.

Traders said besides improved spot demand, a firming trend in base metals overseas on hopes of post-holiday demand in China, mainly led to the rise in zinc prices at futures trade here.

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First Published: Oct 07 2013 | 12:35 PM IST

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