Zinc up by 0.4% on firm spot demand

Zinc futures prices today edged up by 0.40% to Rs 108.40 per kg today, largely on firm demand at domestic markets amid a firming trend overseas.

 

At the Multi Commodity Exchange, zinc for delivery in July increased by 45 paise, or 0.40%, to Rs 108.40 per kg, with a business turnover of 933 lots.

 

Likewise, the metal for delivery in August traded higher by 40 paise, or 0.38%, to Rs 109.60 per kg in a turnover of 206 lots.

 

Globally, zinc traded a shade higher at $1,856.75 per tonne at the London Metal Exchange (LME).

 

Analysts said besides increased demand in the spot market, a firming trend in metal at the LME, influenced zinc futures here.