 "Zinc surges 0.49% on global cues, spot demand")
Taking positive cues from global market and pick up in domestic demand, zinc futures edged higher by 0.49 per cent to Rs 103.55 per kg today as speculators indulged in creating positions.
In futures trading at Multi Commodity Exchange, zinc for delivery in January 2016 was up 50 paise, or 0.49 per cent, to Rs 103.55 per kg in a business turnover of 13 lots.
Also, the metal for delivery this month was trading 45 paise, or 0.44 per cent higher at Rs 102.50 per kg in a business volume of 495 lots.
Zinc prices strengthened on pick up in demand at domestic spot markets and a firm trend in the base metals pack at London Metal Exchange, market analysts said.
In futures trading at Multi Commodity Exchange, zinc for delivery in January 2016 was up 50 paise, or 0.49 per cent, to Rs 103.55 per kg in a business turnover of 13 lots.
Also, the metal for delivery this month was trading 45 paise, or 0.44 per cent higher at Rs 102.50 per kg in a business volume of 495 lots.
Zinc prices strengthened on pick up in demand at domestic spot markets and a firm trend in the base metals pack at London Metal Exchange, market analysts said.