Zinc up 0.3% on global cues
Covering-up of short positions by speculators also supported the upside
Zinc futures for January edged up by 35 paise, or 0.31%, to Rs 111.90 per kg in 1,323 lots.
At the Multi Commodity Exchange (MCX), the February contract also rose by a similar margin to Rs 112.80 per kg in 507 lots.
Better domestic demand, participants creating positions supported the uptrend.
Besides, covering-up of short positions by speculators also supported the upside.
US housing data that boosted optimism that demand was recovering triggered firming trend in the global markets.