 "Zinc up by 0.3% on spot demand")
Zinc futures edged up by 0.35% to Rs 141.60 per kg today as speculators enlarged positions amid a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in current month contracts rose 50 paise, or 0.35%, to Rs 141.60 per kg, with a business turnover of 396 lots.
Likewise, the metal for delivery in December traded higher by 45 paise, or 0.32%, to Rs 142.15 per kg in a turnover of 22 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas following China's unexpected cut in interest rates, led to the rise in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in current month contracts rose 50 paise, or 0.35%, to Rs 141.60 per kg, with a business turnover of 396 lots.
Likewise, the metal for delivery in December traded higher by 45 paise, or 0.32%, to Rs 142.15 per kg in a turnover of 22 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas following China's unexpected cut in interest rates, led to the rise in zinc prices at futures trade here.