 "Zinc up on firm spot demand, global cues")
Zinc futures prices today edged up by 0.41% to Rs 111.35 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 July increased by 45 paise, or 0.41%, to Rs 111.35 per kg, with a business turnover of 220 lots.
Likewise, zinc for delivery in August traded higher by 35 paise, or 0.31%, to Rs 112.30 per kg in a turnover of four lots.
Traders said besides improved spot demand, a firming trend in base metals overseas on speculation that demand may rise, following a report showing manufacturing activity rebounded in June in the US, mainly led to the rise in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in July increased by 45 paise, or 0.41%, to Rs 111.35 per kg, with a business turnover of 220 lots.
Likewise, zinc for delivery in August traded higher by 35 paise, or 0.31%, to Rs 112.30 per kg in a turnover of four lots.
Traders said besides improved spot demand, a firming trend in base metals overseas on speculation that demand may rise, following a report showing manufacturing activity rebounded in June in the US, mainly led to the rise in zinc prices at futures trade here.