Zinc prices edged up by 0.40% in futures trade today after speculators created fresh positions, supported by rising spot demand and a firming global trend.
At the Multi Commodity Exchange, the February cntract for zinc traded higher by 40 paise, or 0.40%, to Rs 99.70 per kg, with a business turnover of 468 lots.
The March contract inched up by similar margin to Rs 101.75 per kg, with a business turnover of 64 lots.
Analysts attributed the rise in zinc futures to a firming trend at the London Metal Exchange (LME) and pick up in domestic demand.
At the LME, zinc gained 0.40% to $2,036 per tonne in early trade today.
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