Zinc up by 1.3%, aided by spot demand
Speculators created positions amid a firming trend in base metals overseas and better domestic demand
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Zinc futures were up 1.30% to Rs 117.15 per kg as speculators created positions amid a firming trend in base metals overseas and better domestic demand.
Zinc for delivery in August was up by Rs 1.50, or 1.30%, to Rs 117.15 per kg, with a business turnover of 676 lots in futures trading at the Multi Commodity Exchange.
The metal for delivery in September also rose Rs 1.50, or 1.29% to Rs 117.95 per kg, with a business turnover of 274 lots.
Marketmen said besides a firming trend at domestic spot market, strength in base metals at the London Metal Exchange supported the upside in zinc prices at futures trade as US economic data that beat analysts' estimates boosted the outlook for metals demand.
Zinc for delivery in August was up by Rs 1.50, or 1.30%, to Rs 117.15 per kg, with a business turnover of 676 lots in futures trading at the Multi Commodity Exchange.
The metal for delivery in September also rose Rs 1.50, or 1.29% to Rs 117.95 per kg, with a business turnover of 274 lots.
Marketmen said besides a firming trend at domestic spot market, strength in base metals at the London Metal Exchange supported the upside in zinc prices at futures trade as US economic data that beat analysts' estimates boosted the outlook for metals demand.
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First Published: Aug 28 2015 | 11:22 AM IST