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Zinc up on firm spot demand, global cues

Zinc for delivery in August traded higher by 0.31%

Press Trust of India New Delhi
Zinc futures prices today edged up by 0.41% to Rs 111.35 per kg today as speculators enlarged positions, amid a firm global trend and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in July increased by 45 paise, or 0.41%, to Rs 111.35 per kg, with a business turnover of 220 lots.

Likewise, zinc for delivery in August traded higher by 35 paise, or 0.31%, to Rs 112.30 per kg in a turnover of four lots.

Traders said besides improved spot demand, a firming trend in base metals overseas on speculation that demand may rise, following a report showing manufacturing activity rebounded in June in the US, mainly led to the rise in zinc prices at futures trade here.
 

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First Published: Jul 02 2013 | 12:17 PM IST

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