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Zinc traded higher by 0.33% to Rs 138.25 per kg in futures market today as speculators enlarged positions amid a firming global trend and rising domestic demand.
At the Multi Commodity Exchange, zinc for delivery in July edged up by 45 paise, or 0.33%, to Rs 138.25 per kg in a business turnover of 4,553 lots.
In a similar fashion, the metal for delivery in August traded higher by a similar margin to Rs 138.90 per kg in 212 lots.
Marketmen attributed the rise in zinc prices at futures trade to a firming trend overseas where it traded at its near-highest level since August 2011 as inventories continued to decline.
Meanwhile, inventories tracked by the LME fell for the eleventh day to 659,975 tonnes, the lowest level since December 2010, according to bourse data.
Meanwhile, zinc for delivery in three months rose 0.4% to $2,315.75 per metric tonne at the London Metal Exchange.
