Zinc edges up 0.54% on overseas cues, spot demand
Speculators enlarge positions as metal rules firm in London
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Zinc prices gained 0.54 per cent to Rs 139.30 per kg in futures market today as speculators enlarged positions, tracking a firm global trend.
Besides, rising demand at domestic spot markets fuelled the uptrend.
At the Multi Commodity Exchange (MCX), zinc for delivery in April traded higher by 75 paise or 0.54 per cent to Rs 139.30 per kg, in business turnover of 155 lots.
The May contract edged up by 70 paise or 0.50 per cent to Rs 140.00 per kg, in 4 lots.
Market analysts attributed the rise in zinc futures to a firm global trend and rising demand in spot market.
Globally, zinc traded at $2,228 a metric tonne on the London Metal Exchange.
Besides, rising demand at domestic spot markets fuelled the uptrend.
At the Multi Commodity Exchange (MCX), zinc for delivery in April traded higher by 75 paise or 0.54 per cent to Rs 139.30 per kg, in business turnover of 155 lots.
The May contract edged up by 70 paise or 0.50 per cent to Rs 140.00 per kg, in 4 lots.
Market analysts attributed the rise in zinc futures to a firm global trend and rising demand in spot market.
Globally, zinc traded at $2,228 a metric tonne on the London Metal Exchange.
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First Published: Apr 20 2015 | 12:02 PM IST