Zinc up by 0.1%, in line with global trend

Zinc futures traded a shade higher at Rs 103.30 per kg today after speculators built up bets on the back of a firming trend overseas amid a rising demand in the domestic spot market.

In futures trading at the Multi Commodity Exchange, zinc for delivery in December was up marginally 10 paise, or 0.10%, to Rs 103.30 per kg, in a business turnover of 542 lots.

Also, metal for delivery in January contracts rose by a similar margin to trade at Rs 102.25 per kg with a business volume of nine lots.

According to marketmen, a firming trend in metal in global market and uptick in demand at domestic spot markets from consuming industries supported the upside.