Business Standard

Spot demand lifts zinc futures by 0.30 pc

Image

Press Trust of India New Delhi

Zinc prices edged up by 0.30 per cent to Rs 197.45 per kg in futures trading today as traders created fresh positions after demand picked up at the spot market.

At the Multi Commodity Exchange, zinc for delivery in June month edged up by 60 paise, or 0.30 per cent to Rs 197.45 per kg in business turnover of 633 lots.

On similar lines, the metal for delivery in July traded higher by 50 paise, or 0.26 per cent to Rs 196.45 per kg in 81 lots.

Analysts said fresh positions created by participants due to pick up in demand from consuming industries in the spot market, mainly led to the rise in zinc prices at futures trade.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 26 2018 | 11:10 AM IST

Explore News