Zinc prices move up by 0.3% on higher global cues

Zinc for delivery in August contract edged up by same margin

Press Trust of India New Delhi
Last Updated : Jul 23 2013 | 2:19 PM IST
Zinc prices moved up by 0.36% to Rs 110.30 per kg in futures market today as speculators enlarged their positions, supported by a firm global trend.

At the Multi Commodity Exchange, zinc for delivery in July traded higher by 40 paise, or 0.36% to Rs 119.39 per kg in business turnover of 1,905 lots.

Similarly, zinc for delivery in August contract edged up by same margin to Rs 111.55 per kg in 233 lots.

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Market analysts said speculators enlarged their positions supported by a firm global trend mainly helped zinc prices to trade higher at futures trade.

Meanwhile, zinc climbed 0.2% to $1,880.25 a tonne on the London Metal Exchange.
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First Published: Jul 23 2013 | 2:17 PM IST

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