Zinc futures recover by 1.45%

Tracking gains in the entire base metals pack at the London Metal Exchange (LME), zinc prices rose by 0.86% to Rs 100.25 kg in futures trade today.

On the Multi Commodity Exchange, zinc for delivery in November edged higher by 85 paise, or 0.86%, to Rs 101.10 per kg, with a trading volume of 773 lots.

The metal for December contract also moved up by 85 paise, or 0.85%, to Rs 101.10 per kg, with an open interest of 211 lots.

Market analysts said apart from a firming trend in base metals on the LME, a pick-up in domestic demand also pushed up zinc futures prices here.

Meanwhile, zinc was being quoted 0.8% higher at $1,925.75 Per tonne in early trade on the LME.