Zinc gains 1.84% on overseas trend

The US Federal Reserve's monetary easing measures raised demand for metals

Tracking a firming trend in other base metals on global cues, zinc futures traded 1.84% higher at Rs 113.45 per kg today as participants enlarged their positions.

At the Multi Commodity Exchange, zinc for delivery in September shot up by Rs 2.05, or 1.84%, to Rs 113.45 per kg, with a turnover of 4,798 lots.

October zinc traded higher by Rs 2.05, or 1.83%, to Rs 114.30 per kg, with a turnover of 335 lots.

Marketmen said gains in base metals at the London Metal Exchange after the US Federal Reserve announced monetary easing measures aimed at boosting the world's largest economy, raised demand outlook for the commodities, influencing zinc futures prices.