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Taking positive cues from the Asian region and firm demand at domestic spot markets, zinc futures prices today edged up by 0.76% to Rs 126.20 per kg as speculators created positions.
At the Multi Commodity Exchange, zinc for delivery in August traded up by 95 paise, or 0.76%, to Rs 126.20 per kg, with a business turnover of 335 lots.
Zinc for delivery in September also rose by 85 paise, or 0.67%, to Rs 127.25 per kg, with a business turnover of 98 lots.
Marketmen said besides rising demand in the spot market, a firming trend in base metals at the Shanghai Futures Exchange, amid speculation that the US Federal Reserve may hold off on curbing stimulus measures in September after new homes sales plunged in July, supported the upside in zinc prices at futures trade.
