Zinc Futures Rise on Global Strength
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Zinc prices climb in futures trading to Rs 313.65/kg on MCX, boosted by firm global cues and LME gains. Analyst insights included.
New Delhi, Mar 27 (PTI) Zinc prices rose more than 1 per cent to Rs 313.65 per kilogram in futures trade on Friday tracking strength in overseas markets.
On the Multi Commodity Exchange, zinc for April delivery gained Rs 3.80, or 1.23 per cent, to Rs 313.65 per kg in a business turnover of 2,165 lots.
According to analysts, fresh buying by traders amid firm global cues supported the uptrend in zinc prices.
In the overseas trade, Zinc futures on the London Metal Exchange (LME) gained USD 11.40, or 0.37 per cent, to USD 3,098.65 per metric tonne, supporting domestic sentiment.
On the Multi Commodity Exchange, zinc for April delivery gained Rs 3.80, or 1.23 per cent, to Rs 313.65 per kg in a business turnover of 2,165 lots.
According to analysts, fresh buying by traders amid firm global cues supported the uptrend in zinc prices.
In the overseas trade, Zinc futures on the London Metal Exchange (LME) gained USD 11.40, or 0.37 per cent, to USD 3,098.65 per metric tonne, supporting domestic sentiment.
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