Zinc up 0.5% on overseas cues
Improved spot market demand also supported the trade
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Zinc futures for March went up by 50 paise, or 0.47%, to Rs 106.60 per kg in 2,503 lots.
At the Multi Commodity Exchange (MCX), the April contract rose by 45 paise, or 0.46% to Rs 107.60 per kg in 150 lots.
Speculators enlarging positions triggered better domestic demand.
Improved spot market demand also supported the trade.
Firming trend in base metals overseas triggered by positive US economic data that improved demand prospects supported the upside in zinc futures trade here.
At the Multi Commodity Exchange (MCX), the April contract rose by 45 paise, or 0.46% to Rs 107.60 per kg in 150 lots.
Speculators enlarging positions triggered better domestic demand.
Improved spot market demand also supported the trade.
Firming trend in base metals overseas triggered by positive US economic data that improved demand prospects supported the upside in zinc futures trade here.
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First Published: Mar 15 2013 | 2:27 PM IST