Zinc up 0.2% on overseas cues, spot demand

Zinc futures prices today edged up by 0.24% to Rs 124.25 per kg amid a firm global trend and better domestic demand, as speculators created positions.

At the Multi Commodity Exchange, zinc for delivery in current month up by 30 paise, or 0.24%, to Rs 124.25 per kg, with a business turnover of 254 lots.

The metal for delivery in January also rose by a similar margin to trade at Rs 124.90 per kg, with a business turnover of 15 lots.

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