Supported by firm trend at spot markets on increased demand, zinc prices were up by 0.80 per cent to Rs 163.25 per kg in futures market today as speculators raised their bets. At the Multi Commodity Exchange, zinc for delivery in June went up by Rs 1.30, or 0.80 per cent to Rs 163.25 per kg in business turnover of 1,615 lots. On similar lines, the metal for delivery in July contracts traded higher by Rs 1.25, or 0.77 per cent to Rs 163.75 per kg in 113 lots. Analysts said increasing of positions by participants, driven by a firm trend at spot market on strong demand from consuming industries, mainly kept zinc prices higher at futures trade.
Zinc futures gain 0.80% on spot demand
Press Trust of India |