Zinc up by 0.1% on spot demand

Zinc futures edged up by 0.09% to Rs 111.90 per kg today after speculators enlarged positions on the back of rising demand in domestic spot markets.

At the Multi Commodity Exchange, zinc for delivery in March moved up by 10 paise, or 0.09%, to Rs 111.90 per kg in a business turnover of 263 lots.

The metal for delivery in April also fell by a similar margin to trade at Rs 112.65 per kg with a business turnover of four lots.

According to marketmen, apart from improved demand in the spot markets, a firming trend in select base metals at the London Metal Exchange, supported the upside in zinc futures.