Zinc futures up on spot demand
29/08/2016 10:48
Zinc futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators build up fresh positions amid a surge in demand from consuming industries at the domestic spot markets. Further, an increase in demand for zinc at the domestic spot market was led by widening of fresh positions by traders in the spot markets, supported zinc prices at futures trade. At the MCX, zinc futures for August 2016 contract is trading at Rs 155.90 per kg, up by 0.10 per cent, after opening at Rs 156.45, against a previous close of Rs 155.75. It touched the intra-day high of Rs 156.45 (at 10:45 hours).
