Zinc up 0.2% on overseas cues, spot demand

Zinc futures prices today edged up by 0.27% to Rs 129.55 per kg amid a firm global trend and better domestic demand as speculators built-up positions.

At the Multi Commodity Exchange, zinc for delivery in February edged up by 35 paise, or 0.27%, to Rs 129.55 per kg, with a business turnover of 161 lots.

The metal for delivery in March also rose by a similar margin to trade at Rs 129.95 per kg with a business turnover of 13 lots.

Marketmen said improved demand in the domestic spot market and a firming trend in metal overseas supported the rise in metal prices at futures trade.