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Zinc up 0.3% on firm spot demand

Prices moved up as speculators enlarged positions

Press Trust of India New Delhi
Zinc futures prices today edged up by 0.25% to Rs 99.70 per kg after speculators enlarged positions amid a firm trend at domestic spot markets.

At the Multi Commodity Exchange (MCX), the May contract edged up by 25 paise, or 0.25%, to Rs 99.70 per kg in 899 lots.

The June contract gained 15 paise, or 0.15% to trade at Rs 100.55 per kg in 68 lots.

Marketmen said improved demand in the spot market mainly supported the upside in zinc futures prices.
 

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First Published: May 17 2013 | 2:29 PM IST

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