Zinc futures remain up, gain 0.23% on global cues
Zinc prices rose further by 0.23 per cent to Rs 200.15 per kg in futures trading today as speculators engaged in building up positions, driven by a firm trend overseas.
Also, rising demand from consuming industries in the spot market fuelled the uptrend.
At the Multi Commodity Exchange, zinc for delivery in August edged up by 45 paise, or 0.23 per cent, to Rs 200.15 per kg, in a business turnover of 3,297 lots.
On similar lines, the metal for delivery in September traded higher by 45 paise, or 0.22 per cent, to Rs 200.75 per kg in 61 lots.
Analysts said widening of positions by traders on the back of a firm trend overseas where base metals spurred by Chinese demand, mainly kept zinc prices higher at futures trade.
Meanwhile, zinc was up 0.3 per cent to USD 3,128.50 per metric tonne on the London Metal Exchange.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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