Zinc futures up 1.3% on firm global cues

Tracking a firm demand overseas and at domestic markets, zinc futures prices today traded over one per cent higher at Rs 96.35 per kg.

At the Multi Commodity Exchange counter, zinc delivery for November gained by Rs 1 or 1.05 per cent to Rs 96.35 per kg in a turnover of 14 lots.

The metal for delivery in December also edged higher by Rs 0.95 or 0.98 per cent to Rs 96.55 per kg, with a business turnover of five lots.

Analysts attributed the rise in zinc futures prices to a firm trend in the entire base metals pack overseas and rising demand at spot markets.