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Zinc up by 0.8% on overseas cues, spot demand

Improved demand in the spot market amid a firming trend in base metals overseas, influenced the metal's prices

Press Trust of India New Delhi
Zinc futures prices today edged up by 0.73% to Rs 110.75 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions.
 
At the Multi Commodity Exchange, zinc for delivery in July edged up by 80 paise, or 0.73%, to Rs 110.75 per kg, with a business turnover of 759 lots.
 
The metal for delivery in August also rose marginally by 75 paise, or 0.67%, to Rs 112.05 per kg , with a business turnover of 85 lots.
 
In the international market, zinc climbed 0.2% to $1,891 a tonne at the London Metal Exchange.
 
 
Marketmen said improved demand in the spot market amid a firming trend in base metals overseas, influenced metal prices at futures trade.

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First Published: Jul 17 2013 | 11:24 AM IST

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