Select base metals gain on consistent demand

MUMBAI: Select copper, brass, zinc and lead prices gained at the non-ferrous metal market here today on stockists buying amidst sustained demand from industrial users despite lower London Metal Exchange (LME) cues.

The industrial metal dropped at the LME in early trade, falling for a third consecutive session, as the Federal Reserve's decision to cut back its bond-buying stimulus weighed on the market.

Zinc and lead climbed by Rs 3 per kg each to Rs 166 and Rs 138 from Wednesday's closing level of Rs 163 and Rs 135.

Copper utensils scrap moved-up by Rs 2 per kg to Rs 462 from Rs 460.

Copper cable scrap, copper wire bar,brass utensils scrap and brass sheet cutting inched-up by a Re per kg each to Rs 507, Rs 535, Rs 348 and Rs 357 respectively.