Zinc rises on spot demand, global trend

Zinc prices edged up by 0.64% to Rs 102.55 per kg in futures trade today, after speculators created fresh positions, supported by firming global trend and rising domestic demand.

At the Multi Commodity Exchange, March zinc traded higher by 65 paise, or 0.64%, to Rs 102.55 per kg, with a business turnover of 648 lots.

The April delivery inched up by 60 paise to, Rs 103.50 per kg, with a business turnover of 73 lots.

Analysts attributed rise in zinc futures to a firming trend at the London Metal Exchange (LME) and pick up in domestic demand.

At the LME, zinc gained 1.1% to $2,007 per tonne in early trade today.