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Zinc up 0.5% on firm spot demand, global cues

Metal for delivery in October traded higher by 0.43%

Press Trust of India New Delhi
Zinc futures prices edged up by 0.51% to Rs 117.55 per kg today, largely on firm demand at domestic markets amid a firming trend overseas.
 
At the Multi Commodity Exchange, zinc for delivery in November increased by 60 paise, or 0.51%, to Rs 117.55 per kg, with a business turnover of one lot.
 
Likewise, the metal for delivery in October traded higher by 50 paise, or 0.43%, to Rs 116 per kg in a turnover of 317 lots.
 
Traders said besides improved spot demand, a firming trend in copper and other base metals overseas, on optimism that US lawmakers will reach a deal to raise the debt limit, easing concern that global growth will slow, helped zinc to trade in positive zone at futures trade here. 
 

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First Published: Oct 10 2013 | 12:29 PM IST

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