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Zinc futures edged up by 0.37% to Rs 123.40 per kg today after speculators built up positions, taking positive cues from the global market amidst good demand in spot market.
At the Multi Commodity Exchange, zinc for delivery in May edged up by 45 paise, or 0.37%, to Rs 123.40 per kg with a business turnover of 222 lots.
The metal for delivery in June gained 40 paise, or 0.32%, to trade at Rs 123.75 per kg with a business turnover of 40 lots.
Traders said apart from improved demand in the spot market, firmness in copper and other base metals at the London Metal Exchange on China stimulus speculation, mainly influenced zinc futures here.
