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Zinc futures rise 0.17 pc as speculators create fresh position

Press Trust of India  |  New Delhi 

Zinc prices inched up by 0.17 per cent to Rs 208.95 per kg in the futures today as participants built up fresh positions amid improved demand at the spot markets.

At the Multi Commodity Exchange, zinc for delivery in May month edged higher by 35 paise, or 0.17 per cent to Rs 208.95 per kg in business turnover of 428 lots.

The for delivery in June contract was trading higher by a similar margin at Rs 209.65 per kg in 22 lots.

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

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

First Published: Thu, May 17 2018. 11:10 IST