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Zinc up on global cues, spot demand

The December delivery traded higher by 40 paise to Rs 112.90 per kg

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Press Trust of India New Delhi

Zinc futures rose by 0.40% to Rs 113.55 per kg amid a firm global trend and better domestic demand today as speculators enlarged positions.

At the Multi Commodity Exchange, January zinc edged up by 45 paise, or 0.40%, to Rs 113.55 per kg, with a business turnover of 75 lots.

The December delivery traded higher by 40 paise to Rs 112.90 per kg, with a business turnover of 1,242 lots.    

Marketmen said apart from improved demand in the spot market, a firming trend in copper and other base metals overseas on the back of encouraging economic data from China, the largest consumer of metal, mainly led to rise in zinc futures.

 

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First Published: Dec 17 2012 | 12:13 PM IST

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