Zinc up 0.1% on spot demand, global cues

Metal for delivery in October traded higher by 0.09%

Zinc futures prices today edged up by 0.13% to Rs 116.35 per kg today as speculators enlarged positions, amid domestic spot and firm global trend.

At the Multi Commodity Exchange, zinc for delivery in November increased by 15 paise, or 0.13%, to Rs 116.20 per kg, with a business turnover of 13 lots.

Likewise, the metal for delivery in October traded higher by 10 paise, or 0.09%, to Rs 114.95 per kg in a turnover of 220 lots.

Traders said besides improved spot demand, a firming trend in base metals overseas on hopes Chinese trade data may show sustained demand from the biggest metals user, mainly led to the rise in zinc prices at futures trade here.