 "Zinc up 0.4% on spot demand, global cues")
Amid a firm global trend and better domestic demand, zinc futures rose by 0.47% to Rs 127.15 per kg today as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in April edged up by 60 paise, or 0.47%, to Rs 127.15 per kg, with a business turnover of 64 lots.
Likewise, the metal for delivery in May traded higher by 55 paise, or 0.43%, to Rs 128.15 per kg in a turnover of 36 lots.
Market analysts said besides improved demand in the spot market, firming trend in copper and other base metals overseas mainly led to rise in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in April edged up by 60 paise, or 0.47%, to Rs 127.15 per kg, with a business turnover of 64 lots.
Likewise, the metal for delivery in May traded higher by 55 paise, or 0.43%, to Rs 128.15 per kg in a turnover of 36 lots.
Market analysts said besides improved demand in the spot market, firming trend in copper and other base metals overseas mainly led to rise in zinc prices at futures trade here.
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