Zinc marginally up on spot demand

Prices rose as speculators enlarged positions

Zinc futures prices today edged up by 0.20% to Rs 106.40 per kg after speculators enlarged positions amid a firming trend in the spot market on good demand.

At the Multi Commodity Exchange (MCX), the May contract edged up by 25 paise, or 0.20%, to Rs 106.40 per kg in 1,347 lots

The metal for delivery in June gained 20 paise, or 0.15%, to trade at Rs 107.40 per kg with a business turnover of 1,266 lots.   

Marketmen said improved demand in the spot market mainly supported the upside in zinc futures prices. The metal's weakness at the London Metal Exchange (LME) also limited the fall.