Zinc up 0.5% on firm spot demand, global cues

Metal for delivery in October traded higher by 0.43%

Zinc futures prices edged up by 0.51% to Rs 117.55 per kg today, largely on firm demand at domestic markets amid a firming trend overseas.

 

At the Multi Commodity Exchange, zinc for delivery in November increased by 60 paise, or 0.51%, to Rs 117.55 per kg, with a business turnover of one lot.

 

Likewise, the metal for delivery in October traded higher by 50 paise, or 0.43%, to Rs 116 per kg in a turnover of 317 lots.

 

Traders said besides improved spot demand, a firming trend in copper and other base metals overseas, on optimism that US lawmakers will reach a deal to raise the debt limit, easing concern that global growth will slow, helped zinc to trade in positive zone at futures trade here.