Market and product
Zinc futures rise on overseas trend
Pick up in demand from consuming industries at domestic physical markets too influenced metal prices in futures trade.
On the Multi Commodity Exchange counter, zinc for delivery in July contract traded Rs 0.55, or 0.64 per cent, higher at Rs 87 per kg, with a turnover of 19 lots.
The metal for delivery in August contract also gained by Rs 0.50, or 0.57 per cent, to Rs 88 per kg, in a turnover of 19 lots.
At the London Metal Exchange counter, zinc rose 0.27 per cent to $1,855 per tonne.
Market analysts attributed the recovery in zinc futures prices to overnight gains at the London Metal Exchange and better demand at the domestic spot markets.
(Source: www.business-standard.com)
