 "Zinc futures rise 0.44% on global cues")
Zinc prices rose by 0.44% to Rs 137.25 per kg in futures trading today in tandem with a firming trend overseas.
Besides, increased demand from consuming industries in the spot market supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in December moved up by 60 paise, or 0.44%, to Rs 137.25 per kg in a business turnover of 400 lots.
Likewise, the metal for delivery in January edged up by 50 paise, or 0.36%, to Rs 137.65 per kg in nine lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend on speculation that demand is rising as vehicle sales and construction spending beat estimates in the US, the second-largest base metals consumer.
Meanwhile, zinc for delivery in three months added 0.3% to $2,218.75 a metric tonne on the London Metal Exchange.
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