 "Zinc up 0.7% on firm spot demand, global cues")
Zinc futures prices today edged up by 0.74% to Rs 115.15 per kg today as speculators enlarged positions, amid a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in October increased by 85 paise, or 0.74%, to Rs 115.15 per kg, with a business turnover of 258 lots.
Likewise, the metal for delivery in November traded higher by 70 paise, or 0.61%, to Rs 116.40 per kg in a turnover of one lot.
Traders said besides improved spot demand, a firming trend in base metals overseas on hopes of post-holiday demand in China, mainly led to the rise in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in October increased by 85 paise, or 0.74%, to Rs 115.15 per kg, with a business turnover of 258 lots.
Likewise, the metal for delivery in November traded higher by 70 paise, or 0.61%, to Rs 116.40 per kg in a turnover of one lot.
Traders said besides improved spot demand, a firming trend in base metals overseas on hopes of post-holiday demand in China, mainly led to the rise in zinc prices at futures trade here.