 "Zinc up by 0.5% on overseas cues")
Zinc futures prices today edged up by 0.55% to Rs 128.35 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in February up by 70 paise, or 0.55%, to Rs 128.35 per kg, with a business turnover of 1,271 lots.
The metal for delivery in March also rose by 60 paise, or 0.47% to Rs 128.55 per kg, with a business turnover of 12 lots.
Marketmen said improved demand in the spot market amid a firming trend in base metals overseas as a report showed China's new credit expanded to a record, supporting demand outlook in the world's biggest user of the metal, influenced zinc prices at futures trade.
At the Multi Commodity Exchange, zinc for delivery in February up by 70 paise, or 0.55%, to Rs 128.35 per kg, with a business turnover of 1,271 lots.
The metal for delivery in March also rose by 60 paise, or 0.47% to Rs 128.55 per kg, with a business turnover of 12 lots.
Marketmen said improved demand in the spot market amid a firming trend in base metals overseas as a report showed China's new credit expanded to a record, supporting demand outlook in the world's biggest user of the metal, influenced zinc prices at futures trade.