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Zinc futures rise 1.70 percent up on spot demand, global cues

Zinc futures rise 1.70 percent up on spot demand, global cues

Zinc futures jumped over 1 % during evening trade in the domestic market on Tuesday as investors & speculators extended their positions in the industrial metal on rise in desired from consuming industries amid weaker US dollar against a basket of other currencies and after solid inflation figures shored up sentiment in China. Meanwhile, investors keenly eyed the Donald Trump’s news conference on Wednesday at which he may give more details about the policies he will seek to implement after he takes office on 20 January 2017. At the MCX, zinc futures for January 2017 contract is trading at Rs 185.10/kg, upward by 1.70 %, after opening at Rs 182.90, against a last close of Rs 182. It touched the intra-day max of Rs 185.95.

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