Zinc up 0.41% on spot demand, global cues
speculators enlarged positions as metal firms up in London
 "Zinc up 0.41% on spot demand, global cues")
Zinc futures edged up by 0.41 per cent to Rs 122.85 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 June moved up by 50 paise, or 0.41 per cent, to Rs 122.85 per kg in a business turnover of two lots.
The May contract gained 20 paise, or 0.16 per cent, to trade at Rs 121.80 per kg with a business turnover of 1,266 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 upside in zinc futures.
At the Multi Commodity Exchange, zinc for delivery in June moved up by 50 paise, or 0.41 per cent, to Rs 122.85 per kg in a business turnover of two lots.
The May contract gained 20 paise, or 0.16 per cent, to trade at Rs 121.80 per kg with a business turnover of 1,266 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 upside in zinc futures.