Zinc futures prices rose 0.41 per cent to Rs 110.30 per kg today after traders enlarged their positions, tracking a firm trend overseas on expectations that the Federal Reserve may announce further stimulus for the US economy.
At the Multi Commodity Exchange counter, zinc for delivery in December traded 45 paise, or 0.41 per cent higher, at Rs 110.30 per kg, with a business turnover of 49 lots.
The metal for delivery in November traded higher by 40 paise, or 0.37 per cent, to Rs 109.20 per kg, with an open interest of 623 lots, while the metal for January contract was up by 30 paise, or 0.27 per cent, to Rs 111.10 per kg, with a trade volume of two lots.
Globally, zinc gained 0.7 per cent to $2,469.75 per tonne at the London Metal Exchange (LME).
Marketmen said a firm trend in the entire base metals pack at the LME on hopes that the Federal Reserve may announce measures to boost the US economy, which would boost demand for commodities, led the zinc futures prices here.
