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This is an archive article published on July 12, 2011

Zinc rises 0.39 pc in futures trade on global cues

Zinc futures prices rose by 0.39 per cent on Tuesday.

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Supported by pick-up in spot demand and a better trend at the London Metal Exchange,zinc futures prices rose by 0.39 per cent on Tuesday.

At the Multi Commodity Exchange,zinc for delivery in July traded higher by 40 paise,or 0.39 per cent,to Rs 103.25 per kg,with a business turnover of 1,072 lots.

Similarly,the metal for delivery in August weakened by 35 paise,or 0.38 per cent,to Rs 104.35 per kg,with a trade volume of 27 lots.

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Market analysts said besides pick-up in spot demand,gains in zinc prices at the London Metal Exchange (LME) also influenced metal prices at futures trade in New Delhi.

Meanwhile,zinc rose 0.7 per cent to USD 2,326.50 a tonne at the LME.

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