Base metals: Copper, nickel, zinc futures up on spot demand
Zinc prices on Friday rose 0.20 per cent to Rs 188.05 per kg in futures market.
On the Multi Commodity Exchange, copper contracts for November delivery gained 20 paise, or 0.05 per cent, to Rs 438.15 per kg in 7,684 lots.
However, copper contracts for December delivery fell 10 paise, or 0.02 per cent, to Rs 443 per kg in a business turnover of 337 lots.
Nickel prices on Friday strengthened 40 paise to Rs 1,200.80 per kg in futures trade as investors raised their positions driven by a firm demand from alloy-makers.
On the Multi Commodity Exchange, nickel contracts for November delivery gained Rs 40 paise, or 0.03 per cent, to Rs 1,200.80 per kg in a business turnover of 11,327 lots.
Increase in demand in spot market from alloy-makers supported price rise in nickel futures, analysts said.
Zinc prices on Friday rose 0.20 per cent to Rs 188.05 per kg in futures market as traders built up fresh positions amid increase in spot demand.
On the Multi Commodity Exchange, zinc for delivery in November traded higher by 20 paise, or 0.11 per cent, to Rs 188.05 per kg in a business turnover of 1,772 lots.
Similarly, the metal for delivery in December edged up by 10 paise, or 0.05 per cent, to Rs 189.70 per kg in 114 lots.
Market analysts said fresh positions created by participants on the back of rise in demand from consuming industries mainly attributed to gain in zinc prices.