 "Zinc up by 0.5% on global cues")
Taking positive cues from global market and pick up in domestic demand, zinc futures edged up 0.55% to Rs 127.45 per kg today as speculators enlarged positions.
In futures trading at Multi Commodity Exchange, zinc for delivery this month was up 70 paise, or 0.55% to Rs 127.45 per kg with a business turnover of 1,058 lots.
Also, the metal for delivery in August was trading 65 paise, 0.51% higher at Rs 127.60 per kg in a business volume of 97 lots.
Base metals firmed at London and Shanghai as dollar weakened for the third day against its major rivals.
In futures trading at Multi Commodity Exchange, zinc for delivery this month was up 70 paise, or 0.55% to Rs 127.45 per kg with a business turnover of 1,058 lots.
Also, the metal for delivery in August was trading 65 paise, 0.51% higher at Rs 127.60 per kg in a business volume of 97 lots.
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Zinc prices gained on pick up in demand at domestic spot markets and firm metal prices at London and Shanghai exchanges, analysts said.
Base metals firmed at London and Shanghai as dollar weakened for the third day against its major rivals.
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