Zinc futures edge up 0.30 pc on overseas cues, spot demand

Supported by a firm trend overseas and uptick in demand from consuming industries at domestic spot market, zinc prices edged higher by 0.30 per cent to Rs 151.55 per kg in futures trading today as participants enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in July month moved up by 45 paise, or 0.30 per cent to Rs 151.55 per kg in business turnover of 774 lots.
On similar lines, the metal for delivery in August contracts traded higher by 25 paise, or 0.16 per cent to Rs 152.10 per kg in 100 lots.
Analysts said a firming trend overseas, pick up in demand from consuming industries in the spot market mainly supported the upside in zinc futures here.

Globally, zinc for delivery in three-months rose 0.9 per cent on the London Metal Exchange.