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Zinc futures rise 0.81% on spot demand, global cues

Press Trust of India  |  New Delhi 

futures Monday edged 0.81 per cent higher to Rs 193 per kg as speculators created positions, triggered by a firm trend in the domestic spot markets on industrial demand amid positive overseas cues.

At the Multi Commodity Exchange, for delivery in current month moved up by Rs 1.55, or 0.81 per cent, to Rs 193 per kg, with a business turnover of 1,044 lots.

Marketmen said widening of bets by participants, following improved demand in the domestic spot market and positive global cues, influenced prices in futures trade.

Globally at the London Metal Exchange, three-month zinc traded higher at USD 2,746.50 per tonne.

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

First Published: Mon, March 11 2019. 10:56 IST