Zinc up 0.08% on spot demand, global cues
Improved demand in the spot market, firming trend in base metals overseas raised the demand outlook
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Amid a firm global trend and better domestic demand, zinc futures prices rose marginally by 0.08% to Rs 120 per kg today as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in November edged up by 10 paise, or 0.08%, to Rs 120 per kg, with a business turnover of 413 lots.
The metal for delivery in December too rose by a similar margin to trade at Rs 121.30 in a turnover of 12 lots.
Marketmen said besides improved demand in the spot market, firming trend in base metals overseas raised the demand outlook in US and China, the world's two biggest users of the metal.
At the Multi Commodity Exchange, zinc for delivery in November edged up by 10 paise, or 0.08%, to Rs 120 per kg, with a business turnover of 413 lots.
The metal for delivery in December too rose by a similar margin to trade at Rs 121.30 in a turnover of 12 lots.
Marketmen said besides improved demand in the spot market, firming trend in base metals overseas raised the demand outlook in US and China, the world's two biggest users of the metal.
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First Published: Nov 11 2013 | 12:49 PM IST