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Spot demand lifts zinc futures by 0.75%

Press Trust of India  |  New Delhi 

Amid pick up in demand at the domestic spot markets, zinc prices were higher by 0.75 per cent to Rs 160.70 per kg in futures trade today as speculators built up fresh positions, tracking pick up in spot demand.

At the Multi Commodity Exchange, zinc for delivery in July edged up by Rs 1.20, or 0.75 per cent to Rs 160.70 per kg in business turnover of 39 lots.

Likewise, the metal for delivery in June contracts was traded higher by Rs 1.15, or 0.72 per cent to Rs 160.15 per kg in 1,306 lots.

Analysts said fresh positions created by participants due to uptick in demand from consuming industries in the spot market, mainly attributed the rise in zinc prices at futures trade.

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

First Published: Thu, June 15 2017. 12:13 IST