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Spot demand lifts zinc futures by 0.60%

Press Trust of India  |  New Delhi 

Zinc prices inched up by 0.60 per cent to Rs 201.05 per kg in futures market today as traders created fresh positions following upsurge in demand in the spot market.

At the Multi Commodity Exchange, zinc for delivery in December traded higher by Rs 1.20, or 0.60 per cent to Rs 201.05 per kg in business turnover of 272 lots.

In a similar fashion, the metal for delivery in January was trading higher by Rs 1.10, or 0.55 per cent to Rs 201.15 per kg in 11 lots.

Market analysts attributed the rise in zinc futures to pick up in demand from consuming industries in the spot market amid a firm trend in select base metals at the Metal Exchange.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 10:55 IST