 "Zinc rises 0.22% on global cues")
Zinc prices rose 0.22 per cent to Rs 112.10 per kg in futures trading today in tandem with a firming trend overseas.
Besides, increased demand from consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in the current month was trading higher by 20 paise, or 0.22 per cent, to Rs 112.10 per kg in a business turnover of 218 lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend after an interest rate cut in China last week and before a US meeting of central bankers that's expected to keep rates unchanged.
Meanwhile, zinc for delivery in three months added 0.6 per cent on the London Metal Exchange.
Besides, increased demand from consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in the current month was trading higher by 20 paise, or 0.22 per cent, to Rs 112.10 per kg in a business turnover of 218 lots.
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The metal for delivery in November in restricted activity gained 25 paise, or 0.22 per cent, to trade at Rs 113.40 per kg in volume of just six lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend after an interest rate cut in China last week and before a US meeting of central bankers that's expected to keep rates unchanged.
Meanwhile, zinc for delivery in three months added 0.6 per cent on the London Metal Exchange.