Zinc up 0.6% on strong global cues

Supported by pick up in demand in domestic spot market and strong global cues, zinc prices edged up by 0.63 per cent to Rs 150.60 per kg in futures trade trade as speculators enlarged positions.

At the Multi Commodity Exchange, zinc for delivery in August month inched up by 95 paise or 0.63 per cent to Rs 150.60 per kg in business turnover of 336 lots.

Similarly, the metal for delivery in September contracts traded higher by 90 paise or 0.60 per cent to Rs 150.95 per kg in 7 lots.

Marketmen said uptick in demand in the domestic spot market and a firming trend in the base metals at the London Metal Exchange mainly influenced zinc prices at futures trade.