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Zinc futures rise 0.38% on positive spot cues

Press Trust of India  |  New Delhi 

prices edged higher by 0.38 per cent to Rs 186.25 per kg in futures trade today as speculators raised bets, taking positive cues from the spot market on pick up in demand.

At the Multi Commodity Exchange, for delivery in July edged up by 70 paise, or 0.38 per cent, to Rs 186.25 per kg in a business turnover of 3,115 lots.

Similarly, the for delivery in August inched higher by 55 paise, or 0.29 per cent, to Rs 187.30 per kg in 81 lots.

Analysts said expansion of positions by participants due to pick-up in demand from consuming industries in the physical markets attributed to the gain in prices in futures trade.

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

First Published: Tue, July 10 2018. 11:35 IST