 "Zinc rises by 1% on overseas cues")
Tracking gains in base metals overseas and better domestic demand, zinc futures today edged up by 1.01% to Rs 125.25 per kg as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in current month moved up by Rs 1.25, or 1.01%, to Rs 125.25 per kg, with a business turnover of 614 lots.
The metal for delivery in October rose by a similar margin to trade at Rs 125.20 per kg in a business volume of 10 lots.
Globally, zinc for delivery in three months gained 0.7% to settle at $1,848 per tonne on the London Metal Exchange in yesterday's trade.
At the Multi Commodity Exchange, zinc for delivery in current month moved up by Rs 1.25, or 1.01%, to Rs 125.25 per kg, with a business turnover of 614 lots.
The metal for delivery in October rose by a similar margin to trade at Rs 125.20 per kg in a business volume of 10 lots.
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Marketmen said apart from improved demand in the domestic spot market, a firming trend in select base metals overseas as data showing firming inflation eased demand concerns in China, the world's biggest user, mainly influenced zinc prices at futures trade.
Globally, zinc for delivery in three months gained 0.7% to settle at $1,848 per tonne on the London Metal Exchange in yesterday's trade.
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