 "Zinc up 0.7% on global cues, firm spot demand")
Zinc futures prices today edged up by 0.67% to Rs 127.35 per kg today as participants created speculative positions, amid a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in January increased by 85 paise, or 0.67%, to Rs 127.35 per kg, with a business turnover of 305 lots.
Likewise, the metal for delivery in February traded higher by 75 paise, or 0.59%, to Rs 127.80 per kg in a turnover of 41 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas, mainly led to the recovery in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in January increased by 85 paise, or 0.67%, to Rs 127.35 per kg, with a business turnover of 305 lots.
Likewise, the metal for delivery in February traded higher by 75 paise, or 0.59%, to Rs 127.80 per kg in a turnover of 41 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas, mainly led to the recovery in zinc prices at futures trade here.