Zinc adds 1.84% in futures trade

Zinc futures traded 1.84% higher at Rs 113.45 per kg today as participants enlarged their positions.

Written by Agencies | New Delhi | Published: September 14, 2012 12:21 pm

Tracking a firming trend in other base metals on global cues,zinc futures traded 1.84 per cent higher at Rs 113.45 per kg today as participants enlarged their positions.

At the Multi Commodity Exchange,zinc for delivery in September shot up by Rs 2.05,or 1.84 per cent,to Rs 113.45 per kg,with a turnover of 4,798 lots.

Similarly,the metal for delivery in October traded higher by Rs 2.05,or 1.83 per cent,to Rs 114.30 per kg,with a turnover of 335 lots.

Marketmen said gains in base metals at the London Metal Exchange after the US Federal Reserve announced monetary easing measures aimed at boosting the world’s largest economy,raising demand outlook for the commodities,influenced zinc futures prices.

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