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Zinc futures rise 1% on spot demand

Press Trust of India  |  New Delhi 

futures Wednesday edged 1 per cent higher to Rs 177.40 per kg as speculators created

positions, triggered by a firm trend in the domestic spot markets on industrial demand.

Besides, a firm trend in the base metals pack in global markert supported the upside.

At the Multi Commodity Exchange, for delivery in current month moved up by Rs 1.75, or 1 per cent, to Rs 177.40 per kg, with a business turnover of 1,917 lots.

Marketmen said widening of bets by participants, following improved demand in the domestic spot market and a better trend in base metals overseas, influenced prices in futures trade.

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

First Published: Wed, January 09 2019. 11:25 IST