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Zinc futures harden by 0.36 pc

At the Multi Commodity Exchange, zinc for delivery in August month moved up by 65 paise, or 0.36 per cent to Rs 181.20 per kg in business turnover of 1,258 lots.


PTI Last Updated at 08 Aug 2018, 10:08 IST India
Zinc futures harden by 0.36 pc
  • In similar fashion, the metal for delivery in September contracts gained 60 paise or 0.33 percent to Rs 181 per kg in 83 lots. (Image Credit: Twitter)

Zinc prices traded higher by 0.36 percent to Rs 181.20 per kg in futures trading today as participants built up fresh positions, taking positive cues from the global markets amid a pick up in spot demand.

At the Multi Commodity Exchange, zinc for delivery in August month moved up by 65 paise or 0.36 percent to Rs 181.20 per kg in business turnover of 1,258 lots.

In similar fashion, the metal for delivery in September contracts gained 60 paise or 0.33 percent to Rs 181 per kg in 83 lots.

Analysts said fresh positions created by traders in tandem with a firm global trend amid an uptick in demand from consuming industries in the physical markets mainly supported the upmove in zinc futures.

Globally, zinc for delivery in three months gained 0.6 percent to USD 2,615.50 a tonne on the London Metal Exchange.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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