Zinc marginally up on spot demand

At Multi Commodity Exchange, zinc for delivery in July edged up by 0.11%

Zinc futures prices today edged up by 0.11% to Rs 137.85 per kg after speculators built up positions amid a rising trend in the spot market on solid demand even as the metal weakened overseas.

At Multi Commodity Exchange, zinc for delivery in July edged up 15 paise, or 0.11%, to Rs 137.85 per kg with a business turnover of 6 lots.

 

The metal for delivery in June rose 10 paise, or 0.07%, to Rs 137.20 per kg in a business turnover of 204 lots.

Traders said fresh positions created by speculators on the back of improved demand in the spot market helped zinc futures trade a tad higher, but metal's weakness overseas restricted gains.