Zinc rises in trade, up 0.2%

In range-bound movements, zinc prices rose by 0.19% to Rs 104.25 per kg largely in tandem with a firming trend in base metals overseas.

On the Multi Commodity Exchange, the May contract edged higher by 20 paise, or 0.19%, to Rs 104.25 per kg, with a trading volume of 61 lots.

The April contract also moved up by 15 paise, or 0.15%, to Rs 103.35 per kg, with a turnover of 932 lots.

Market analysts said apart from a firming trend in base metals on the London Metal Exchange (LME), a pick-up in domestic demand also pushed up zinc futures prices here.

 

Meanwhile, zinc rose 0.3% to $2,000 per tonne in early trade on the LME.