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Zinc trades higher by 0.39% on spot demand

Press Trust of India  |  New Delhi 

Zinc prices went up by 0.39 per cent to Rs 179.30 per kg in futures trade today as speculators build up of fresh positions, driven by pick up in demand in the spot markets.

At the Multi Commodity Exchange, zinc for delivery in August edged up by 70 paise, or 0.39 per cent to Rs 179.30 per kg in business turnover of 1,519 lots.

Likewise, the for delivery in September was enquiring higher by 55 paise, or 0.31 per cent to Rs 179.15 per kg in 30 lots.

Analysts said fresh positions created by participants due to pick-up in demand from consuming industries in the physical markets, mainly influenced zinc prices at futures trade.

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

First Published: Tue, August 07 2018. 11:45 IST