 "Zinc up by 0.7% on spot demand")
Zinc futures edged up by 0.74% to Rs 129.25 per kg today as speculators enlarged positions amid pick-up in industrial demand at domestic spot markets and a firming global trend.
At the Multi Commodity Exchange, zinc for delivery in April moved up by 95 paise, or 0.74%, to Rs 129.25 per kg in a business turnover of eight lots.
The metal for delivery in March gained 80 paise, or 0.63%, to trade at Rs 128.50 per kg with a business turnover of 344 lots.
Traders said apart from improved demand in spot markets, a firming trend in the base metals at London Metal Exchange as China's interest rate cut boosted demand outlook in the world's biggest metals consumer, supported the upside in zinc futures.
At the Multi Commodity Exchange, zinc for delivery in April moved up by 95 paise, or 0.74%, to Rs 129.25 per kg in a business turnover of eight lots.
The metal for delivery in March gained 80 paise, or 0.63%, to trade at Rs 128.50 per kg with a business turnover of 344 lots.
Traders said apart from improved demand in spot markets, a firming trend in the base metals at London Metal Exchange as China's interest rate cut boosted demand outlook in the world's biggest metals consumer, supported the upside in zinc futures.
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