Zinc futures improve on spot demand

Zinc prices improved by Rs 0.70, or 0.66 per cent, to Rs 107.40 per kg today on high demand at the spot market, after taking strong cues from overseas.

At the Multi Commodity Exchange platform, zinc delivery for November gained Rs 0.70, or 0.66 per cent, to Rs 107.40 per kg, with an open interest of just one lot.

Similarly, the spice for delivery in October traded up by Rs 0.60, or 0.57 per cent, to Rs 106.40 per kg, with a business turnover of 30 lots.

Analysts said apart from strong demand at physical markets, firming trend in all base metals overseas, mainly led to a rise in zinc futures prices.

 

Meanwhile, zinc rose 0.8 per cent to $2,430 a metric tonne on the London Metal Exchange.