Zinc futures rise 0.52% on global cues, spot demand
Press Trust of India | New Delhi July 12, 2016 Last Updated at 11:28 IST
Zinc prices rose 0.52 per cent to Rs 143.85 per kg in futures trading today in tandem with a firming trend overseas.
Besides, increased demand from consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in the current month was trading higher by 75 paise, or 0.52 per cent, to Rs 143.85 per kg, in a business turnover of 797 lots.
The metal for delivery in August gained 70 paise, or 0.49 per cent, to trade at Rs 144.40 per kg in volume of 14 lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend in the base metals pack and rising demand from consuming industries at the domestic spot markets.
Zinc on a strong footing, page-49
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