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Zinc up 0.7% on overseas cues

Prices rose as speculators built up positions

Press Trust of India New Delhi
Zinc futures prices today edged up by 0.70% to Rs 108 per kg after speculators built-up positions, taking positive cues from the global market amid good demand in spot market.

At the Multi Commodity Exchange (MCX), the July contract edged up by 75 paise, or 0.70%, to Rs 108 per kg in 47 lots.

The June contract gained 70 paise, or 0.66%, to trade at Rs 106.70 per kg in 867 lots.

Traders said apart form improved demand in the spot market, firmness in copper and other base metals at the London Metal Exchange (LME), mainly influenced zinc futures here.

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First Published: Jun 17 2013 | 2:27 PM IST

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