Business Standard

Zinc up marginally in futures trade

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Press Trust of India New Delhi

Zinc prices edged up by 0.35% to Rs 99.95 per kg in futures trade in line with firming trend overseas.

At the Multi-Commodity Exchange, zinc for delivery in March traded higher by 35 paise, or 0.35%, to Rs 99.95 per kg, with a business turnover of 60 lots.

February zinc inched up by 30 paise, or 0.31%, to Rs 98.65 per kg, with a business turnover of 417 lots.

Analysts said gains in the entire base metals pack at the London Metal Exchange (LME) on strong US economic data and optimism that debt-laden Greece would secure a second bailout next week to avert a default, influenced the trading sentiments here.

 

Meanwhile, zinc rose 1.4% to $2,006 per tonne at the LME.

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First Published: Feb 17 2012 | 1:34 PM IST

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