Zinc futures up 0.51 per cent on firm spot demand, global cues

NEW DELHI, June 11:  Zinc futures edged up by 0.51 per cent to Rs 127.40 per kg today as speculators enlarged positions amid a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in July rose 55 paise, or 0.51 per cent, to Rs 127.40 per kg, with a business turnover of 11 lots.
Likewise, the metal for delivery in June traded higher by 50 paise, or 0.44 per cent, to Rs 126.70 per kg in a turnover of 241 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas, led to the rise in zinc prices at futures trade here. (PTI)

LEAVE A REPLY

Please enter your comment!
Please enter your name here