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This is an archive article published on October 16, 2012

Zinc futures prices up on spot demand,global cues

The metal for delivery in November edged up by 60 paise,or 0.39 per cent,to 102.30 per kg.

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Amid pick up in domestic demand and a firming global trend,zinc gained 0.50 per cent to Rs 100.95 per kg in futures trade today.

At the Multi Commodity Exchange,zinc for delivery in October traded higher by 50 paise,or 0.50 per cent,to Rs 100.95 per kg,with a business turnover of 2,060 lots.

Likewise,the metal for delivery in November edged up by 60 paise,or 0.39 per cent,to 102.30 per kg,with a business turnover of 162 lots.

Marketmen said besides pick up in demand in the spot market,a firm trend in the industrial metals in the global market,helped zinc to trade higher at futures trade here.

 

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