 "Zinc up 0.1% on spot demand, global cues")
Zinc traded a shade higher at Rs 137.55 per kg in futures trade today after speculators enlarged positions on the back of rising demand in domestic spot markets along with a firming trend overseas.
At the Multi Commodity Exchange, zinc for delivery in September moved up by 10 paise, or 0.07%, to Rs 137.55 per kg in a business turnover of 136 lots.
The metal for delivery in far-month October gained five paise, or 0.04%, to trade at Rs 138.15 per kg with a business turnover of 11 lots.
According to marketmen, apart from improved demand in the spot markets, a firming trend in the base metals at the London Metal Exchange, supported the upside in zinc futures.
At the Multi Commodity Exchange, zinc for delivery in September moved up by 10 paise, or 0.07%, to Rs 137.55 per kg in a business turnover of 136 lots.
The metal for delivery in far-month October gained five paise, or 0.04%, to trade at Rs 138.15 per kg with a business turnover of 11 lots.
According to marketmen, apart from improved demand in the spot markets, a firming trend in the base metals at the London Metal Exchange, supported the upside in zinc futures.
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