Zinc futures edge up by 0.39% on spot demand

Zinc prices traded marginally up by 0.39 per cent to Rs 168 per kg in futures market today as speculators built up fresh positions amid uptick in demand at the spot market.
At the Multi Commodity Exchange, zinc for delivery in May traded higher by 65 paise, or 0.39 per cent, to Rs 168 per kg, in a business turnover of 473 lots.
Similarly, the metal for delivery in April edged up by 60 paise, or 0.36 per cent, to Rs 167.40 per kg in 3,367 lots.
Marketmen said fresh positions created by speculators following improved demand in the domestic spot market, mainly helped zinc prices to trade higher at futures trade.