Commodity Watch: Zinc Futures Gain On Spot Demand

New Delhi: Zinc prices on Wednesday rose Rs 3.05 to Rs 259.10 per kilogram in the futures trade amid a pick-up in spot demand. On the Multi Commodity Exchange, zinc contracts for June delivery traded higher by Rs 3.05 or 1.19 per cent at Rs 259.10 per kg with a business turnover of 1,414 lots. Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries kept zinc prices higher in the futures trade.

Copper futures rise on high bets

Copper futures rose 0.29 per cent to Rs 857.80 per kilogram on Tuesday due to higher spot demand. On the Multi Commodity Exchange, copper contracts for June delivery climbed Rs 2.50 or 0.29 per cent to Rs 857.80 per kg in a business turnover of 1,658 lots.

Aluminium futures rise on positive cues

Aluminium prices on Tuesday rose Rs 1.05 to Rs 239.30 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased Rs 1.05 or 0.44 per cent to Rs 239.30 per kg in 955 lots.