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Global cues, spot demand lifts zinc futures by 0.17 pc

Press Trust of India  |  New Delhi 

Zinc futures traded higher by 0.17 per cent to Rs 150.10 per kg today as traders crated speculative positions, tracking a firm trend overseas and uptick in demand in the domestic spot markets.

At the Multi Commodity Exchange, zinc for delivery in current month traded higher by 25 paise, or 0.17 per cent to Rs 150.10 per kg in a business turnover of 1,042 lots.

Likewise, the metal for delivery in November was trading up by a similar margin to trade at Rs 150.70 per kg in 10 lots.

Market analysts attributed the rise in zinc futures to a firm trend at spot market on pick up in demand from consuming industries and a firming trend in global markets after released data showing the first rise in factory gate prices for more than four years.

Globally, zinc in added 0.6 per cent, rebounding from the lowest level in a month.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 14 2016. 11:57 IST