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Zinc up by 3.1% on global cues

Pick up in demand also helped prices

Zinc up by 3.1% on global cues

Press Trust of India New Delhi
Taking positive cues from global market and pick up in domestic demand, zinc futures zoomed 3.10% to Rs 108.10 per kg today as speculators indulged in creating positions amid short-covering.

In futures trading at Multi Commodity Exchange, zinc for delivery in December was up Rs 3.25, or 3.10%, to Rs 108.10 per kg in a business turnover of 214 lots.

Also, the metal for delivery in November was trading Rs 3.20, or 3.08% higher at Rs 106.95 per kg in a business volume of 1,091 lots.

Zinc prices strengthened on pick up in demand at domestic spot markets and a firm trend in the base metals pack at London Metal Exchange, market analysts said.
 

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First Published: Nov 26 2015 | 11:42 AM IST

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