 "Zinc up by 0.5% on global cues")
Zinc futures prices today edged up by 0.55% to Rs 127.50 per kg today as participants created speculative positions, amid a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery this month increased by 70 paise, or 0.55%, to Rs 127.50 per kg, with a business turnover of 225 lots.
Likewise, the metal for delivery in February traded higher by 65 paise, or 0.51%, to Rs 128 per kg in a turnover of 18 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas after a surge in credit growth eased concern that demand will slow in China, the world's top user, mainly led to the rise in zinc prices at futures trade here.
At the Multi Commodity Exchange, zinc for delivery this month increased by 70 paise, or 0.55%, to Rs 127.50 per kg, with a business turnover of 225 lots.
Likewise, the metal for delivery in February traded higher by 65 paise, or 0.51%, to Rs 128 per kg in a turnover of 18 lots.
Traders said besides improved spot demand, a firming trend in base metals overseas after a surge in credit growth eased concern that demand will slow in China, the world's top user, mainly led to the rise in zinc prices at futures trade here.
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