 "Zinc up by 0.2% on overseas cues")
Taking positive cues from the global market and better domestic demand, zinc futures prices today edged up by 0.22% to Rs 135.85 per kg, as speculators created positions.
At the Multi Commodity Exchange, zinc for delivery in current month up by 30 paise, or 0.22%, to Rs 135.85 per kg, with a business turnover of 142 lots.
The metal for delivery in January also rose by a similar margin to trade at Rs 136.35 per kg, with a business turnover of 1 lot.
Marketmen said besides a firming trend at domestic spot market, metal's rebound from the lowest level in five months at the LME as the dollar headed for the longest losing streak since July, making commodities priced in greenbacks more attractive to investors, supported the upside in zinc prices at futures trade.
At the Multi Commodity Exchange, zinc for delivery in current month up by 30 paise, or 0.22%, to Rs 135.85 per kg, with a business turnover of 142 lots.
The metal for delivery in January also rose by a similar margin to trade at Rs 136.35 per kg, with a business turnover of 1 lot.
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Globally, at the London Metal Exchange (LME) zinc for delivery in three months advanced 0.4% to $2,187.75 per tonne. The metal has advanced 6.5% this year so far.
Marketmen said besides a firming trend at domestic spot market, metal's rebound from the lowest level in five months at the LME as the dollar headed for the longest losing streak since July, making commodities priced in greenbacks more attractive to investors, supported the upside in zinc prices at futures trade.