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Published on 12/07/2018 1:28:03 PM | Source: Dion Global Solutions Ltd.

Zinc futures edge up 0.62% on positive spot cues

Posted in Commodities| #Zinc #MCX #Commodity

Zinc futures were trading higher during the noon trade in the domestic market on Thursday as speculators created fresh positions taking positive cues from the spot market on pick up in demand. Analysts said fresh positions built up by participants due to uptick in demand from consuming industries in the physical markets mainly influenced zinc prices at futures trade.

At the MCX, zinc futures for July 2018 contract was trading at Rs 178.20 per kg, up by 0.62 per cent, after opening at Rs 177.30, against a previous close of Rs 177.10. It touched the intra-day high of Rs 180.40 (at 12:18 hrs)