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• India Pepper finishes down on higher production concerns
• India Jeera settles higher on rising spot demand
• MCX Aluminum trades in narrow range on lackluster market
• India Chana gains on lower output concerns

MUMBAI (Commodity Online): Zinc prices gained on falling Dollar and rising EURO on the back of easing tensions of US quantitative easing. Dollar has so far lost 82 pips and is trading at 1.418 per EURO.

The recovery in metals was also due to the fact that the markets were optimistic relating to the demand from China. Demand generation in domestic markets also supported the metal used in galvanization.

The benchmark Zinc contract was trading at Rs 109 per kg, up 2%. The decline of Zinc stockpiles in LME today was of a decent quantity generating buying in futures. The LME inventories rose by 3400 tons to 883900 tons.

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