MCX Zinc Updates

Tracking the firm trend in base metals, Zinc futures posted gains of 1.48 per cent on Friday on Multi Commodity Exchange (MCX).

On Friday, Zinc futures for August 2012 contract, at MCX, closed at Rs 102.85 per Kg, up by 1.48 per cent, after opening at Rs 101.25 per Kg against the previous closing price of Rs 101.35 per Kg. It touched the intra-day high of Rs 103.65 per bale. 

Hopes of further stimulus to boost the economy in US and China strengthened the sentiments. Besides, the increased domestic demand also supported the base metal to trade higher. Via

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