 "Zinc up 0.5% on firm spot demand, global cues")
Zinc futures edged up by 0.51% to Rs 127.40 per kg today as speculators enlarged positions amid a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in July rose 55 paise, or 0.51%, to Rs 127.40 per kg, with a business turnover of 11 lots.
Likewise, the metal for delivery in June traded higher by 50 paise, or 0.44%, to Rs 126.70 per kg in a turnover of 241 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas, led to the rise in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in July rose 55 paise, or 0.51%, to Rs 127.40 per kg, with a business turnover of 11 lots.
Likewise, the metal for delivery in June traded higher by 50 paise, or 0.44%, to Rs 126.70 per kg in a turnover of 241 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas, led to the rise in zinc prices at futures trade here.
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