Zinc futures up 0.75% on overseas cues, spot demand

Zinc futures rose 0.75 per cent to Rs 107.90 per kg as participants built up positions amid a rising trend in base metals overseas and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery this month was up by 80 paise, or 0.75 per cent, to Rs 107.90 per kg in 544 lots.
The metal for delivery in October also rose 80 paise, or 0.74 per cent, to Rs 109.40 per kg, with a business turnover of 77 lots.
Globally, at the London Metal Exchange, zinc added as much as 1.3 per cent.
Besides a firming trend at the domestic spot market, strength in copper and other base metals at the London Metal Exchange drove the upside in zinc prices.