Monday, November 21, 2016

Base Metal: Zinc futures zoom 2.08% in market today

Zinc futures rise over 2 per cent during morning trade in the domestic market on Monday as investors & speculators built up new positions in the industrial metal amid uptick in physical demand for zinc from major consuming industries at the domestic spot market.

At the MCX, zinc futures for November 2016 contract is trading at Rs 176.40 per kg, upward by 2.08 %, after opening at Rs 175, against a last close of Rs 172.80. It touched the intra-day higher of Rs 176.45.