Zinc prices edged up by 0.20% in futures trade today largely supported by rising spot market demand even as metal weakened at the London Metal Exchange (LME).
At the Multi Commodity Exchange, zinc for delivery in January traded higher by 20 paise, or 0.20%, to Rs 101.95 per kg, with a business turnover of 500 lots.
Similarly, the metal for delivery in February inched up by 15 paise, or 0.15%, to Rs 102.85 per kg, with a business turnover of 22 lots.
Market analysts said a firming trend at the spot markets on the back of pick up in demand, helped zinc futures to trade higher but weakness at the LME, capped the gains.
Meanwhile, zinc declined 0.3% to $2,023 a tonne on the London Metal Exchange.