NEW DELHI, Aug 18: Zinc futures edged up by 0.40 per cent to Rs 138.75 per kg today amid a firm trend at the London Metal Exchange and rising demand at domestic spot markets as speculators created positions.
At the Multi Commodity Exchange, zinc for delivery in August was up by 55 paise, or 0.40 per cent, to Rs 138.75 per kg, with a business turnover of 184 lots.
The metal for delivery in September also rose by 40 paise, or 0.29 per cent, to Rs 139 per kg, with a business turnover of six lots.
Marketmen said besides improved demand in the spot market, the metal’s rebound at the London Metal Exchange (LME) as investors viewed the recent price drop to a five-week low as excessive amid expectations of a supply shortfall, supported the upside in zinc prices at futures trade.
Globally, the metal for delivery in three months at the LME rose as much as 0.50 per cent to USD 2,284 per tonne. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel