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Zinc futures harden by 0.36 pc

Press Trust of India  |  New Delhi 

Zinc prices traded higher by 0.36 per cent to Rs 181.20 per kg in futures trading today as participants built up fresh positions, taking positive cues from the global markets amid a pick up in spot demand.

At the Multi Commodity Exchange, zinc for delivery in August month moved up by 65 paise, or 0.36 per cent to Rs 181.20 per kg in business turnover of 1,258 lots.

In similar fashion, the for delivery in September contracts gained 60 paise, or 0.33 per cent to Rs 181 per kg in 83 lots.

Analysts said fresh positions created by traders in tandem with a firm global trend amid uptick in demand from consuming industries in the physical markets mainly supported the upmove in zinc futures.

Globally, zinc for delivery in three months gained 0.6 per cent to USD 2,615.50 a tonne on the London Exchange.

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

First Published: Wed, August 08 2018. 10:45 IST
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