Zinc futures up 0.37% on overseas cues, spot demand

Taking positive cues from the global market and better domestic demand, zinc futures prices today edged up by 0.37 per cent to Rs 122.15 per kg, as speculators widened positions.
At the Multi Commodity Exchange, zinc for delivery in October up by 45 paise, or 0.37 per cent, to Rs 122.15 per kg, with a business turnover of three lots.
The metal for delivery in September also rose by 35 paise, or 0.29 per cent, to Rs 121.35 per kg, with a business turnover of 287 lots.
Globally, at the London Metal Exchange (LME) zinc for delivery in three months added 0.2 percent after its highest close in nearly three weeks.

Marketmen said besides a firming trend at domestic spot market, strength in base metals at the LME, supported the upside in zinc prices at futures trade.