Zinc rises by 0.27% on spot demand

Speculators created fresh positions, driven by a rise in spot demand influencing zinc prices

Zinc prices rose by 0.27% to Rs 112.25 per kg in futures trade as speculators created fresh positions, driven by a rise in spot demand.

 

At the Multi Commodity Exchange, zinc for delivery in August declined by 30 paise, or 0.27%, to Rs 112.25 per kg in business turnover of 122 lots.

 

Likewise, the metal for delivery in July traded higher by 25 paise, or 0.23%, to Rs 110.85 per kg in 1,507 lots.

 

Market analysts said fresh positions created by speculators on the back of a rise in demand in the spot market mainly influenced zinc prices at futures trade.

 

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Meanwhile, zinc was little changed at $1,893.75 a tonne on the London Metal Exchange.