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:   

Read More

Steel policy on cards to iron out woes

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

Quick Links

 

Market News

Sensex reclaims 26,500 led by financials; HDFC up 3%

Sensex is at 26,504 with a gain of 395 points while Nifty is up 121 points at 7,901

Refined soya oil down 0.3% on low demand

Oil for delivery in October weakened by 0.03%

Chana down 0.9% on higher supply

Commodity for delivery in November traded lower by 0.76%

Cardamom up 1.1% on firm spot demand

Spice for delivery in November moved up by 0.86%

Palm oil down 0.6% on sluggish demand

Oil for delivery in October traded lower by 0.58%

Back to Top