Zinc up 0.2% on global cues

Improved demand in the spot market also influenced prices

Zinc futures prices today edged up by 0.23% to Rs 129.10 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions.

At the Multi Commodity Exchange, zinc for delivery in March edged up by 30 paise, or 0.23%, to Rs 129.10 per kg, with a business turnover of 343 lots.

Likewise, the metal for delivery in April traded higher by 30 paise, or 0.23%, to Rs 129.80 per kg, with a business turnover of 12 lots.

Analysts attributed rise in zinc prices at futures trade to improved demand in the spot market and a firming trend in base metals at the London Metal Exchange.