Zinc marginally up on overseas cues
Improved demand in spot market supported the trade
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Zinc futures prices today edged up by 0.10% to Rs 101.40 per kg amid a firm global trend, as speculators enlarged positions.
At the Multi Commodity Exchange (MCX), the June contract moved up by 10 paise, or 0.10%, to Rs 101.40 per kg in 25 lots.
The May contract gained 5 paise, or 0.05% to Rs 100.25 per kg in 602 lots.
Marketmen said besides improved demand in the spot market, a firming trend in copper and other base metals overseas on improving US data, supported the rise in metal prices at futures trade.
At the Multi Commodity Exchange (MCX), the June contract moved up by 10 paise, or 0.10%, to Rs 101.40 per kg in 25 lots.
The May contract gained 5 paise, or 0.05% to Rs 100.25 per kg in 602 lots.
Marketmen said besides improved demand in the spot market, a firming trend in copper and other base metals overseas on improving US data, supported the rise in metal prices at futures trade.
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First Published: May 15 2013 | 2:10 PM IST