Zinc gains 0.5% on spot demand

Firm global cues influence prices

Amid pick up in domestic demand and a firming global trend, zinc gained 0.50% to Rs 100.95 per kg in futures trade today.

At the Multi Commodity Exchange, zinc for delivery in October traded higher by 50 paise, or 0.50%, to Rs 100.95 per kg, with a business turnover of 2,060 lots.

November zinc edged up by 60 paise, or 0.39%, to 102.30 per kg, with a business turnover of 162 lots.

Marketmen said besides pick up in demand in the spot market, a firm trend in industrial metals in the global market helped zinc to trade higher at futures trade here.