Zinc up 0.2% on global cues

Zinc traded higher by 0.24% to Rs 144.25 per kg in futures market today as speculators created positions amid a firming global trend and rising demand from domestic consuming industries.

At the Multi Commodity Exchange, zinc for delivery in August edged up by 40 paise, or 0.24%, to Rs 144.25 per kg in a business turnover of 75 lots.

In a similar manner, the metal for delivery in current month traded higher by 25 paise, to Rs 144.30 per kg in 298 lots.

Marketmen attributed the rise in zinc prices at futures trade to a firming trend overseas and rising demand from consuming industries at domestic markets.