Zinc futures rise on spot demand

Supported by rising demand in the domestic spot market and a firming trend overseas, zinc futures today edged 0.26 per cent higher as speculators built up fresh positions at the domestic markets.
At the Multi Commodity Exchange, zinc for delivery in the current month increased by 55 paise, or 0.26 per cent, to Rs 215.20 per kg, with a business turnover of 39 lots.
Similarly, the metal for delivery in February traded 50 paise, or 0.23 per cent, higher at Rs 214.95 per kg, with a turnover of 361 lots.
Traders said improved spot demand, coupled with a firming trend in base metals at the London Metal Exchange (LME) as the weakness in dollar raised demand for the commodities, supported the upside in prices here.

Meanwhile, zinc for delivery in three months traded higher at USD 3,322.50 per tonne at the London Metal Exchange (LME).