Business Standard

Zinc rises by 0.5% on overseas cues

Speculators created positions amid a rising trend in base metals overseas and better domestic demand

Press Trust of India New Delhi
Zinc futures went up by 0.55% to Rs 146.35 per kg as speculators created positions amid a rising trend in base metals overseas and better domestic demand.

At Multi Commodity Exchange, zinc for delivery in May was up by 80 paise, or 0.55%, to Rs 146.35 per kg, with a business turnover of 237 lots.

The metal for delivery in June also rose 70 paise, or 0.48%, to Rs 146.95 per kg, with a business turnover of 12 lots.

Marketmen said besides a firming trend at the domestic spot market, strength in select base metals at the London Metal Exchange drove the upside in zinc prices in futures trade.

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First Published: May 18 2015 | 11:48 AM IST

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