Zinc rises by 0.4% on overseas cues
Better domestic demand also influenced prices
 "Zinc rises by 0.4% on overseas cues")
Tracking gains in base metals overseas and better domestic demand, zinc futures today edged up by 0.38% to Rs 105.30 per kg as speculators strengthened positions.
At the Multi Commodity Exchange, zinc for delivery in January next year moved up by 40 paise, or 0.38% to Rs 105.30 per kg in a business turnover of five lots.
The metal for delivery in December too gained 35 paise, or 0.34% to Rs 104.25 per kg in a business volume of 278 lots.
Marketmen said improved demand in the spot market amid a firming trend in the base metals pack overseas, mainly supported the upside in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in January next year moved up by 40 paise, or 0.38% to Rs 105.30 per kg in a business turnover of five lots.
The metal for delivery in December too gained 35 paise, or 0.34% to Rs 104.25 per kg in a business volume of 278 lots.
Marketmen said improved demand in the spot market amid a firming trend in the base metals pack overseas, mainly supported the upside in zinc prices at futures trade here.