Zinc up 0.8% on overseas cues
Zinc for delivery in September rose by 0.75%
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Zinc futures prices today edged up by 0.80% to Rs 126.25 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in August edged up by Re one, or 0.80%, to Rs 126.25 per kg, with a business turnover of 559 lots.
Zinc for delivery in September also rose by 95 paise, or 0.75%, to Rs 127.35 per kg , with a business turnover of 55 lots.
In the international market, zinc traded a shade higher at the London Metal Exchange (LME).
Marketmen said apart from improved demand in the spot market, a firming trend in base metals at the LME after a manufacturing index in China increased in August from an 11-month low, adding to signs the world's second-biggest economy is stabilising, influenced metal prices at futures trade.
At the Multi Commodity Exchange, zinc for delivery in August edged up by Re one, or 0.80%, to Rs 126.25 per kg, with a business turnover of 559 lots.
Zinc for delivery in September also rose by 95 paise, or 0.75%, to Rs 127.35 per kg , with a business turnover of 55 lots.
In the international market, zinc traded a shade higher at the London Metal Exchange (LME).
Marketmen said apart from improved demand in the spot market, a firming trend in base metals at the LME after a manufacturing index in China increased in August from an 11-month low, adding to signs the world's second-biggest economy is stabilising, influenced metal prices at futures trade.
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First Published: Aug 22 2013 | 12:54 PM IST