Commodities

Zinc futures marginally up

PTI New Delhi | Updated on February 21, 2011

Zinc prices rose by Rs 1.65 to Rs 115.65 a kg in futures trade today on fresh buying by speculators in line with a firming trend in the entire base metals at the London Metal Exchange (LME).

At the Multi Commodity Exchange, zinc for delivery in February contract traded higher by Rs 1.65, or 1.45 per cent, to Rs 115.65 a kg, with a business turnover of 38 lots.

Similarly, the metal for delivery in March edged up by Rs 1.65, or 1.44 per cent, to Rs 116.55 a kg, with a business turnover of three lots.

Market analysts attributed the rise in zinc futures prices to pick up in demand in the domestic market amid firming trend at LME.

Meanwhile, zinc gained 0.4 per cent to $ 2,563.25 a tonne on the London Metal Exchange.

Published on February 21, 2011

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