Zinc up by 0.2% on overseas cues
Participants enlarged positions amid a firming trend overseas and better domestic demand
 "Zinc up by 0.2% on overseas cues")
Zinc futures was today marginally up 0.17% to Rs 117.50 per kg as participants enlarged positions amid a firming trend overseas and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in September rose by 20 paise, or 0.17%, to Rs 117.50 per kg, with a business turnover of 13 lots.
Also, a firming trend in base metals overseas as the dollar weakened after surprisingly bearish minutes from the US Federal Reserve's last meeting dampened hopes for an imminent interest rate hike, mainly influenced zinc prices in futures trade here.
The metal for delivery in August also rose by just five paise, or 0.04%, to Rs 116.80 per kg in a business volume of 618 lots.
At the Multi Commodity Exchange, zinc for delivery in September rose by 20 paise, or 0.17%, to Rs 117.50 per kg, with a business turnover of 13 lots.
Also, a firming trend in base metals overseas as the dollar weakened after surprisingly bearish minutes from the US Federal Reserve's last meeting dampened hopes for an imminent interest rate hike, mainly influenced zinc prices in futures trade here.
The metal for delivery in August also rose by just five paise, or 0.04%, to Rs 116.80 per kg in a business volume of 618 lots.