Zinc up 0.3% on strong demand

Analysts said firming trend in base metals on LME, pick-up in spot markets pushed up futures prices

Zinc rose 0.34% to Rs 103.20 per kg in futures trade today on good domestic demand amid a firming trend in the entire base metals pack at the London Metal Exchange.

At the Multi Commodity Exchange, zinc for delivery in June gained 35 paise, or 0.34%, to Rs 103.20 per kg, with a trading volume of 696 lots.

July zinc added 30 paise, or 0.29%, to Rs 103.80 per kg, with a trade turnover of 74 lots.

Zinc rose 0.44% to $1,813 per tonne at the London Metal Exchange (LME).

Analysts said a firming trend in copper and other base metals at the LME, in tandem with pick-up in spot markets demand pushed up zinc futures prices.