Zinc futures edge higher on spot demand, global cues

Zinc prices edged up by 0.50 per cent to Rs 152.20 per kg in futures trade in evening session today largely on a firming trend overseas.
The exchange opened for the evening session as it remained closed in the morning on account 'Eid-ul Azha'.
Besides, increased demand from consuming industries in the spot markets fuelled the uptrend.
At the Multi Commodity Exchange, zinc for delivery in far-month October traded higher by 75 paise, or 0.50 per cent to Rs 152.20 per kg in business turnover of 19 lots.
Likewise, the metal for delivery in Sepember contracts edged up by 70 paise, or 0.46 per cent to Rs 151.55 per kg in 605 lots.

Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend and pick up in demand from consuming industries at the domestic spot markets.
Globally, zinc for delivery in three month rose by 0.9 per cent to USD 2,283 a metric tonne on the London Metal Exchange.