Zinc up 0.2% on strong domestic demand

Zinc futures was marginally up by 0.22% to Rs 138.80 per kg as participants enlarged positions amid a firming trend at the spot markets today on better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in July rose by 30 paise, or 0.22%, to Rs 138.80 per kg, with a business turnover of 14 lots.

According to marketmen, a firming trend at at the domestic spot markets following better demand from consuming industries, supported the upside in zinc prices in futures trade but metal's weakness overseas, avoided any major fall in prices.

Also, metal for delivery in current month edged up by 25 paise, or 0.18% to Rs 138.35 per kgin business volume of 284 lots.