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Zinc up by 0.9% on overseas cues, spot demand

Improved demand in the spot market amid a firming trend in base metals overseas influenced zinc prices

Press Trust of India New Delhi
Zinc futures prices today edged up by 0.90% to Rs 112.10 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 90 paise, or 0.90%, to Rs 112.10 per kg, with a business turnover of 542 lots.
 
The metal for delivery in July also rose by 80 paise, or 0.73%, to Rs 110.50 per kg , with a business turnover of 54 lots.
 
In the international market, zinc climbed 0.4% to $1,843 a tonne at the London Metal Exchange.
 
 
Marketmen said improved demand in the spot market amid a firming trend in base metals overseas on speculation that China's determination to stabilise growth will help boost demand, influenced metal prices at futures trade. 

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First Published: Jul 31 2013 | 11:59 AM IST

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