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Tracking gains in other base metals and a firming trend overseas, zinc continued its upward march at the futures trade today and rose by 0.69 per cent to Rs 102.55 per kg.
At the Multi Commodity Exchange counter, zinc for delivery in June rose by 70 paise or 0.69 per cent to Rs 102.55 per kg with a business turnover of 427 lots. Similarly, May contract also gained 65 paise or 0.65 per cent to Rs 101.30 per kg with a business volume of 1,732 lots.
At the London Metal Exchange, zinc increased by 0.2 per cent to $2,250 a tonne.
Analysts attributed the rise in zinc futures to a firming trend in the entire base metals at the LME and better demand at the domestic spot market.
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