Zinc up 0.1% on overseas cues, spot demand

Metal for delivery in May also rose by 0.05%

Zinc futures prices today edged higher to Rs 121.95 per kg amid a positive global trend and better domestic demand, as speculators created positions.

At the Multi Commodity Exchange, zinc for delivery in April up by 20 paise, or 0.16%, to Rs 121.95 per kg, with a business turnover of 1,011 lots.

The metal for delivery in May also rose by 5 paise, or 0.05%, to Rs 122.70 per kg, with a business turnover of five lots.

Marketmen said besides improved demand in the spot market, a firming trend in copper and other base metals overseas, supported the upside in zinc prices at futures trade.