 "Zinc up 0.32% on overseas trend, spot demand")
Zinc futures edged up by 0.32 per cent to Rs 124.75 per kg today amid a firm trend at the London Metal Exchange and rising demand at domestic spot markets as speculators created positions.
At the Multi Commodity Exchange, zinc for delivery in June was up by 40 paise, or 0.32 per cent, to Rs 124.75 per kg, with a business turnover of 215 lots.
July zince added 30 paise, or 0.24 per cent, to Rs 125.40 per kg, with a business turnover of five lots.
Marketmen said besides improved demand in the spot market, the metal's gain at the London Metal Exchange after an increase in industrial production in China eased concerns that demand from the world's largest metals consumer will decline, supported the upside in zinc prices at futures trade.
At the Multi Commodity Exchange, zinc for delivery in June was up by 40 paise, or 0.32 per cent, to Rs 124.75 per kg, with a business turnover of 215 lots.
July zince added 30 paise, or 0.24 per cent, to Rs 125.40 per kg, with a business turnover of five lots.
Marketmen said besides improved demand in the spot market, the metal's gain at the London Metal Exchange after an increase in industrial production in China eased concerns that demand from the world's largest metals consumer will decline, supported the upside in zinc prices at futures trade.