Zinc up by 0.3% on overseas cues

Zinc futures rose 0.35% to Rs 114.40 per kg as participants built up positions amid a rising trend in metal overseas and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery this month was up by 40 paise, or 0.35%, to Rs 114.40 per kg in 827 lots.

Metal for delivery in October also rose by a similar margin to Rs 115.65 per kg, with a business turnover of 52 lots.

Marketmen said besides a firming trend at the domestic spot market, strength in metal at the London Metal Exchange drove the upside in zinc prices.