You are here: Home » PTI Stories » National » News
Business Standard

Zinc futures rise on spot demand

Press Trust of India  |  New Delhi 

Supported by rising demand in the domestic spot market and a firming trend overseas, futures today edged 0.26 per cent higher as speculators built up fresh positions at the domestic markets.

At the Multi Commodity Exchange, for delivery in the current month increased by 55 paise, or 0.26 per cent, to Rs 215.20 per kg, with a business turnover of 39 lots.

Similarly, the for delivery in February traded 50 paise, or 0.23 per cent, higher at Rs 214.95 per kg, with a turnover of 361 lots.

Traders said improved spot demand, coupled with a firming trend in base metals at the Exchange (LME) as the weakness in dollar raised demand for the commodities, supported the upside in prices here.

Meanwhile, for delivery in three months traded higher at USD 3,322.50 per tonne at the Exchange (LME).

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

First Published: Thu, January 11 2018. 11:10 IST