Zinc up by 0.3% on global cues

Increased demand in the domestic markets also helped prices

Zinc futures traded higher by 0.32% to Rs 127.15 per kg today as traders created speculative positions, tracking a firm trend overseas and uptick in demand in the domestic spot markets.

At the Multi Commodity Exchange, zinc for delivery in current month traded higher by 40 paise, or 0.32% to Rs 127.15 per kg in a business turnover of 2,159 lots.

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Likewise, the metal for delivery in May edged up by 30 paise, or 0.23% to Rs 128.10 per kg in 84 lots.

Market analysts attributed the rise in zinc futures to a firm trend at spot market on pick up in demand from consuming industries and a firming trend on shrinking inventories.