NEW DELHI, May 11: Supported by an upsurge in demand from consuming industries at domestic spot market, zinc prices were higher by 0.22 per cent in futures market today as participants built up fresh positions.
Besides, a firm trend in global markets supported the upside in prices.
At the Multi Commodity Exchange, zinc for delivery in May rose by 45 paise, or 0.22 per cent, to Rs 207.30 per kg, in a business turnover of 258 lots.
Similarly, the metal for delivery in June edged up by a Re, or 0.59 per cent, to Rs 171.75 per kg in 33 lots.
Analysts said apart form positive global cues, pick up in demand from consuming industries at the domestic spot market, mainly led to the rise in zinc prices at futures trade.
Globally, at the London Metal Exchange (LME), zinc traded USD 14.50 hgigher at USD 3,091 a metric tonne in yesterday’s trade. (PTI)
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