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Zinc futures gain 0.45% as demand picks up

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Press Trust of India New Delhi

Zinc prices edged higher by 0.45 per cent to Rs 212.05 per kg in the futures market today as participants built up fresh positions amid uptick in demand at the spot markets.

At the Multi Commodity Exchange, zinc for delivery in May edged up by 95 paise, or 0.45 per cent to Rs 212.05 per kg in business turnover of 445 lots.

Likewise, the metal for delivery in June was trading higher by 80 paise, or 0.38 per cent to Rs 212.60 per kg in 13 lots.

Analysts said fresh positions created by traders backed by pick up in demand from consuming industries at the physical markets led to the rise in zinc prices.

 

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First Published: May 21 2018 | 10:55 AM IST

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