Zinc up 0.5% on global cues

Zinc prices rose 0.55% to Rs 110.20 per kg in futures trading today in tandem with a firming trend overseas.

Besides, increased demand from consuming industries in spot markets supported the uptrend.

At the Multi Commodity Exchange, zinc for delivery in the current month was trading higher by 60 paise, or 0.55%, to Rs 110.20 per kg in a business turnover of 862 lots.

The metal for delivery in December in restricted activity gained 60 paise, or 0.54%, to trade at Rs 111.45 per kg in volume of 18 lots.

Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend and pick-up in demand at the spot markets form consuming industries.