Zinc marginally up in range-bound movements

Zinc traded slightly higher by 0.10% to Rs 102.70 per kg in futures trade today.

On the Multi Commodity Exchange, the April contract edged higher by 10 paise, or 0.10%, to Rs 102.70 per kg, with a trading volume of 501 lots.

The May delivery also moved up by 5 paise, or 0.05%, to Rs 103.55 per kg, with a turnover of 19 lots.

Analysts said a pick-up in demand in the spot markets helped zinc futures to trade marginally higher.

Meanwhile, zinc was being quoted almost flat at $1,991 per tonne in early trade on the London Metal Exchange.