 "Zinc up 0.1% on global cues, firm spot demand")
Zinc futures prices today edged up by 0.16% to Rs 124.40 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 April increased by 20 paise, or 0.16%, to Rs 124.40 per kg, with a business turnover of 203 lots.
Likewise, the metal for delivery in August traded higher by just 10 paise, or 0.08%, to Rs 125.30 per kg in a turnover of 33 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas on upbeat German data, raising the demand outlook for metals, mainly led to the rise in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in April increased by 20 paise, or 0.16%, to Rs 124.40 per kg, with a business turnover of 203 lots.
Likewise, the metal for delivery in August traded higher by just 10 paise, or 0.08%, to Rs 125.30 per kg in a turnover of 33 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas on upbeat German data, raising the demand outlook for metals, mainly led to the rise in zinc prices at futures trade here.