Zinc up by 0.8% on overseas cues, spot demand

Improved demand in the spot market amid a firming trend in base metals overseas, influenced the metal's prices

Zinc futures prices today edged up by 0.73% to Rs 110.75 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions.

 

At the Multi Commodity Exchange, zinc for delivery in July edged up by 80 paise, or 0.73%, to Rs 110.75 per kg, with a business turnover of 759 lots.

 

The metal for delivery in August also rose marginally by 75 paise, or 0.67%, to Rs 112.05 per kg , with a business turnover of 85 lots.

 

In the international market, zinc climbed 0.2% to $1,891 a tonne at the London Metal Exchange.

 

 

Marketmen said improved demand in the spot market amid a firming trend in base metals overseas, influenced metal prices at futures trade.