Business Standard

Monday, December 23, 2024 | 11:14 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Zinc up by 0.4%, aided by spot demand

Speculators created positions amid a firming trend in base metals on better domestic demand

Press Trust of India New Delhi
Zinc futures were up by 0.36% to Rs 126.10 per kg as speculators created positions amid a firming trend in base metals on better domestic demand.

Zinc for delivery in August was up by 45 paise, or 0.36%, to Rs 126.10 per kg, with a business turnover of 196 lots in futures trading at the Multi Commodity Exchange.

The metal for delivery this month also rose 40 paise, or 0.32% to Rs 126.25 per kg, with a business turnover of 778 lots.

Marketmen said a firming trend at domestic spot market on the back of pick up in industrial demand supported the upside in zinc prices at futures trade here but weakness in metals at the London Metal Exchange on demand concerns as China's economy slows.

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

First Published: Jul 30 2015 | 11:57 AM IST

Explore News