 "Zinc up 0.2% on firm spot demand, global cues")
Zinc futures edged up by 0.22% to Rs 137.40 per kg today as speculators enlarged positions amid a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in October rose 30 paise, or 0.22%, to Rs 137.40 per kg, with a business turnover of 14 lots.
Likewise, the metal for delivery in current month (September) traded higher by 25 paise, or 0.18%, to Rs 136.75 per kg in a turnover of 246 lots.
Traders said, besides improved spot demand, a firming trend in base metals overseas after a gauge of manufacturing for China, the biggest consumer of industrial metals, beat estimates, led to the rise in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery in October rose 30 paise, or 0.22%, to Rs 137.40 per kg, with a business turnover of 14 lots.
Likewise, the metal for delivery in current month (September) traded higher by 25 paise, or 0.18%, to Rs 136.75 per kg in a turnover of 246 lots.
Traders said, besides improved spot demand, a firming trend in base metals overseas after a gauge of manufacturing for China, the biggest consumer of industrial metals, beat estimates, led to the rise in zinc prices at futures trade here.
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