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Zinc futures edged up by 0.4% to Rs 138.75 per kg today amid a firm trend at the London Metal Exchange and rising demand at domestic spot markets as speculators created positions.
At the Multi Commodity Exchange, zinc for delivery in August was up by 55 paise, or 0.40%, to Rs 138.75 per kg, with a business turnover of 184 lots.
The metal for delivery in September also rose by 40 paise, or 0.29%, to Rs 139 per kg, with a business turnover of six lots.
Marketmen said besides improved demand in the spot market, the metal's rebound at the London Metal Exchange (LME) as investors viewed the recent price drop to a five-week low as excessive amid expectations of a supply shortfall, supported the upside in zinc prices at futures trade.
Globally, the metal for delivery in three months at the LME rose as much as 0.50% to $2,284 per tonne.
