 "Zinc rises 1.22% on global cues")
Zinc prices rose 1.22 per cent to Rs 112 per kg in futures trading today in tandem with a firming trend overseas.
Besides, increased demand from domestic consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in current month was trading higher by Rs 1.35, or 1.22 per cent, to Rs 112 per kg in a business turnover of 355 lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend as disappointing US jobs data, dimming prospects for an increase in interest rates by the Federal Reserve this year and weakening the dollar for a third day.
Globally, zinc prices rose 1 per cent at the London Metal Exchange.
Besides, increased demand from domestic consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in current month was trading higher by Rs 1.35, or 1.22 per cent, to Rs 112 per kg in a business turnover of 355 lots.
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The metal for delivery in November in restricted activity gained Rs 1.35, or 1.21 per cent, to trade at Rs 112.90 per kg in volume of 18 lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend as disappointing US jobs data, dimming prospects for an increase in interest rates by the Federal Reserve this year and weakening the dollar for a third day.
Globally, zinc prices rose 1 per cent at the London Metal Exchange.
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