Zinc futures gain 0.48% on global cues

Zinc futures prices rose by 0.48 per cent to Rs 105.40 per kg today largely in line with fresh positions created by speculators, tracking a firming trend in base metals in global markets.

At the Multi Commodity Exchange counter, zinc for October delivery rose 50 paise, or 0.48 per cent, to Rs 105.40 per kg, with a business turnover of 835 lots.

The metal for delivery in November moved up by 40 paise, or 0.38 per cent, to Rs 106.50 per kg, with a business turnover of 83 lots.

Marketmen attributed rise in zinc futures to a firming trend in base metals in global markets.