Zinc futures rise on overseas cues, spot demand

Supported by a firming overseas trend and firm demand at spot markets, zinc futures today edged up by 0.17% to Rs 117.30 per kg as speculators created positions.

At the Multi Commodity Exchange, zinc for delivery in December traded up by 20 paise, or 0.17%, to Rs 117.30 per kg, with a business turnover of four lots.

The metal for delivery in November also rose by 10 paise, or 0.09%, to Rs 115.70 per kg, with a business turnover of 91 lots.

Marketmen said besides improved demand in the spot market, a firming trend in select metals overseas, supported the upside in zinc prices at futures trade.