Zinc up 0.2% on spot demand, global cues
Metal for delivery in April traded higher by 0.16%
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Zinc futures edged up by 0.25% to Rs 122.55 per kg today, largely on firm demand at domestic markets amid a firming trend overseas.
At the Multi Commodity Exchange, zinc for delivery in March increased marginally by 30 paise, or 0.25%, to Rs 122.55 per kg, with a business turnover of 352 lots.
Likewise, the metal for delivery in April traded higher by 20 paise, or 0.16%, to Rs 123.30 per kg in a turnover of 11 lots.
Globally, zinc traded higher at the London Metal Exchange (LME).
Analysts said besides increased demand in the spot market, the metal's strength at the LME, influenced zinc futures here.
At the Multi Commodity Exchange, zinc for delivery in March increased marginally by 30 paise, or 0.25%, to Rs 122.55 per kg, with a business turnover of 352 lots.
Likewise, the metal for delivery in April traded higher by 20 paise, or 0.16%, to Rs 123.30 per kg in a turnover of 11 lots.
Globally, zinc traded higher at the London Metal Exchange (LME).
Analysts said besides increased demand in the spot market, the metal's strength at the LME, influenced zinc futures here.
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First Published: Mar 12 2014 | 12:34 PM IST