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Zinc up by 0.8% on overseas cues

Improved demand in the spot market also influenced prices

Press Trust of India New Delhi
Zinc futures prices today edged up by 0.76% to Rs 113.20 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions.
 
At the Multi Commodity Exchange, zinc for delivery in August edged up by 85 paise, or 0.76%, to Rs 113.20 per kg, with a business turnover of 581 lots.
 
The metal for delivery in September also rose by 80 paise, or 0.74%, to Rs 114.30 per kg , with a business turnover of 59 lots.
 
In the international market, zinc traded a shade higher at the London Metal Exchange (LME).
 
 
Marketmen said apart from improved demand in the spot market, a firming trend in copper and other base metals at the LME after trade data in China, the biggest user, beat estimates, influenced metal prices at futures trade.

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First Published: Aug 08 2013 | 11:32 AM IST

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