Business Standard

Zinc rises 0.71% on firm overseas trend, spot demand

Related News

today rose by Rs 0.70, or 0.71 per cent, to Rs 98.65 per kg as speculators built up fresh positions following firm global trends.

The zinc contract for delivery in August traded Rs 0.70, or 0.71 per cent, higher at Rs 98.65 per kg, with a turnover of 902 lots at the Multi Commodity Exchange.

The September contract gained Rs 0.65, or 0.66 per cent, to trade at Rs 99.65 per kg. At the London Metal Exchange, zinc rose 0.5 per cent to $2,140 a tonne in early trade today.

Analysts attributed the rise in zinc futures to firming trend at the London Metal Exchange after weak dollar raised its appeal as an alternative investment.

Besides, better trend in spot market on pick up in demand also helped the metal strengthen.

Read more on:   

Zinc rises 0.71% on firm overseas trend, spot demand

Zinc futures today rose by Rs 0.70, or 0.71 per cent, to Rs 98.65 per kg as speculators built up fresh positions following firm global trends.

Zinc futures today rose by Rs 0.70, or 0.71 per cent, to Rs 98.65 per kg as speculators built up fresh positions following firm global trends.

The zinc contract for delivery in August traded Rs 0.70, or 0.71 per cent, higher at Rs 98.65 per kg, with a turnover of 902 lots at the Multi Commodity Exchange.

The September contract gained Rs 0.65, or 0.66 per cent, to trade at Rs 99.65 per kg. At the London Metal Exchange, zinc rose 0.5 per cent to $2,140 a tonne in early trade today.

Analysts attributed the rise in zinc futures to firming trend at the London Metal Exchange after weak dollar raised its appeal as an alternative investment.

Besides, better trend in spot market on pick up in demand also helped the metal strengthen.

image

Read More

Steel policy on cards to iron out woes

Policy could end land acquisition and green nod problems, and encourage foreign investors

Recommended for you

Quick Links

Market News

New LNG policy: No major benefits for Petronet, GAIL

Analysts say these two will have to forgo part of marketing margins and re-gasification rates, restricting the gains

Over 100 companies add women directors to their boards

Deadline for appointing one woman director on to company boards is April 1, 2015

Sensex gains 517 points, snaps 8-day losing streak

Late rise in bank stocks on RBI's provisioning relaxation lifts indices

Market could see a sharp recovery this week

The market could see a sharp recovery this week. Monday opened strong and given only three sessions, the uptrend could sustain. What is more, ...

Deutsche Boerse to invest in India stock, commodity markets

Deutsche Boerse AG plans to hold stakes in two new Indian securities markets being developed by the BSE.The German exchange operator will invest ...

 

Back to Top