Zinc traded a shade higher at Rs 104.95 per kg in futures trade today after speculators enlarged positions, driven by spot demand and a firming trend overseas.
On the MCX, zinc for delivery in June edged higher by 30 paise, or 0.29%, to Rs 104.95 per kg, with a trading volume of 884 lots.
The metal for the July delivery also moved up by 30 paise, or 0.28%, to Rs 105.60 per kg, with a trade turnover of 34 lots.
Globally, zinc rose 0.2% to $1,883 per tonne at the London Metal Exchange.
Analysts said besides a firming trend in copper and other base metals at the LME, pick-up in spot markets demand also pushed up zinc futures prices.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app