Zinc up on overseas trend, spot demand

Zinc for January delivery next year was up by 20 paise, or 0.17%, to Rs 120.25 per kg

Taking positive cues from the global markets and better domestic demand, zinc futures today edged up by 0.17% to Rs 120.25 per kg as speculators enlarged positions.

At the Multi Commodity Exchange, zinc for delivery in January next year was up by 20 paise, or 0.17%, to Rs 120.25 per kg, with a business turnover of 13 lots.

The metal for delivery in current month also rose by 15 paise, or 0.13%, to Rs 119.30 per kg in a business volume of 162 lots.

Marketmen said improved demand in the spot market amid a firming trend in base metals overseas, supported the rise in zinc futures here.