Tuesday, October 4, 2016

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Uptick in demand lifts zinc futures by 0.13%



Zinc futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their positions in the industrial metal amid a surge in demand from consuming industries at the domestic spot markets.

Further, participants build up fresh positions in the industrial metal due to a rise in demand from consuming industries, supported prices of zinc at futures trade. 

At the MCX, zinc futures for October 2016 contract is trading at Rs 160.20 per kg, up by 0.13 per cent, after opening at Rs 159.85, against a previous close of Rs 160. It touched the intra-day high of Rs 160.20.

Read More - Zinc Updates

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