 "Zinc up by 0.3% on spot demand")
Zinc futures edged up by 0.29% to Rs 139.55 per kg today after speculators enlarged positions on the back of rising demand in domestic spot markets along with a firming trend overseas.
At the Multi Commodity Exchange, zinc for delivery in September moved up by 40 paise, or 0.29%, to Rs 139.55 per kg in a business turnover of 238 lots.
The metal for delivery in October rose by a similar margin to trade at Rs 140.15 per kg in 106 lots.
According to marketmen, apart from improved demand in the spot markets, a firming trend in the base metals at the London Metal Exchange before the US GDP data, supported the upside in zinc futures.
At the Multi Commodity Exchange, zinc for delivery in September moved up by 40 paise, or 0.29%, to Rs 139.55 per kg in a business turnover of 238 lots.
The metal for delivery in October rose by a similar margin to trade at Rs 140.15 per kg in 106 lots.
According to marketmen, apart from improved demand in the spot markets, a firming trend in the base metals at the London Metal Exchange before the US GDP data, supported the upside in zinc futures.