Zinc futures gain 0.54% on rising demand

Press Trust of India  |  New Delhi 

prices were up by 0.54 per cent to Rs 205.30 per kg in futures market today as participants enlarged positions, tracking a firm trend at spot market.

At the Multi Commodity Exchange, for delivery in May

rose by Rs 1.10, or 0.54 per cent to Rs 205.30 per kg in business turnover of 789 lots.

Likewise, the for delivery in June contract was up by Rs 1.05, or 0.51 per cent to Rs 205.65 per kg in 8 lots.

Analysts said expanding of positions by traders backed by rising demand from consuming industries in the physical market, led to the rise in prices at futures trade.

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

First Published: Thu, May 03 2018. 10:55 IST