 "Zinc up 0.21% on spot demand")
Zinc futures edged up by 0.21 per cent to Rs 142.10 per kg today as speculators enlarged positions largely on rising demand even as metal weakened at the London Metal Exchange.
At the Multi Commodity Exchange, zinc for delivery in December was up by 30 paise, or 0.21 per cent, to Rs 142.10 per kg with a business turnover of 24 lots.
November zinc added 20 paise, or 0.14 per cent, to Rs 141.35 per kg with a business turnover of 145 lots.
Marketmen said besides improved demand in the spot market, short-covering by speculators in view of approaching expiry, supported the upside in zinc prices at futures trade but a weak trend in base metals overseas, restricted the gains.
At the Multi Commodity Exchange, zinc for delivery in December was up by 30 paise, or 0.21 per cent, to Rs 142.10 per kg with a business turnover of 24 lots.
November zinc added 20 paise, or 0.14 per cent, to Rs 141.35 per kg with a business turnover of 145 lots.
Marketmen said besides improved demand in the spot market, short-covering by speculators in view of approaching expiry, supported the upside in zinc prices at futures trade but a weak trend in base metals overseas, restricted the gains.
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