Business Standard

Zinc up 0.1% on spot demand

Metal's strength at the London Metal Exchange supported the upside

Press Trust of India New Delhi
Zinc futures prices today edged up by 0.14% to Rs 144.80 per kg after speculators built-up positions amid a firming trend in the spot market on good demand.

Besides, metal's strength at the London Metal Exchange (LME) supported the upside.

At the Multi Commodity Exchange, zinc for delivery in August edged up by 20 paise, or 0.14%, to Rs 144.80 per kg with a business turnover of 292 lots.

The metal for delivery in September rose by a similar margin to trade at Rs 145.20 per kg in a business turnover of 10 lots.

Traders said fresh positions created by speculators on the back of improved demand in the spot market and a firming trend in base metals overseas, helped zinc futures to trade higher.

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First Published: Aug 07 2014 | 10:54 AM IST

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