Zinc futures rise on spot demand, global cues

Zinc futures edged up by 2.37 per cent to Rs 142.30 per kg today after speculators built positions amid a firming trend in the spot market on good demand.
Besides, the metal's strength at the London Metal Exchange (LME) supported the upside.
At the Multi Commodity Exchange, zinc for delivery in November edged up by Rs 3.30, or 2.37 per cent, to Rs 142.30 per kg with a business turnover of 8,897 lots.
The metal for delivery in December rose by Rs 3.25, or 2.33 per cent, to Rs 142.85 per kg in a turnover of 1,092 lots.
Traders said fresh positions created by speculators on the back of improved demand in the spot market and a firming trend in base metals overseas helped zinc futures to trade higher.