Zinc up on global cues, spot demand

Prices up 0.6% from prevoious close

Zinc prices edged up by 0.62% to Rs 105.95 per kg in futures trade today, tracking a firming trend overseas.

A pick up in spot markets demand supported the upside in zinc futures prices.

On the MCX, zinc for delivery in June edged higher by 65 paise, or 0.62%, to Rs 105.95 per kg, with a trading volume of 1,502 lots.

The metal for the July delivery also moved up by 55 paise, or 0.52%, to Rs 106.40 per kg, with a trade turnover of 90 lots.

Globally, zinc rose 0.3% to $1,909.75 per tonne at the London Metal Exchange.

Analysts said besides a firming trend in the entire base metals pack at the LME, pick-up in spot demand also pushed up zinc futures prices.