Zinc up by 0.4% on spot demand

Zinc futures edged up by 0.40% to Rs 126.15 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 March moved up by 50 paise, or 0.40%, to Rs 126.15 per kg in a business turnover of 273 lots.

The metal for delivery in April gained 50 paise, or 0.39%, to trade at Rs 127.10 per kg with a business turnover of 3 lots.

According to marketmen, apart from improved demand in the spot markets, a firming trend in the base metals at the London Metal Exchange, supported the increase in zinc futures.