Zinc futures rise on global cues

In tight-range movements, zinc futures prices traded 0.27 per cent higher today, mostly in line with a firming trend in the entire base metals pack at the London Metal Exchange (LME).

At the Multi Commodity Exchange, zinc for delivery in February traded 30 paise, or 0.27 per cent higher, at Rs 111.65 per kg, with a business turnover of eight lots.

The metal for March delivery also gained 25 paise, or 0.22 per cent, to Rs 112.65 per kg, with a business volume of just two lots.

Market analysts attributed the rise in zinc futures prices to pick up in demand at domestic spot markets.

At the LME, zinc was trading 0.8 per cent higher at $2,470 per tonne.