Zinc prices up by 0.4% on spot demand

Zinc futures prices today edged up by 0.39% to Rs 102.45 per kg after speculators built-up positions amid a firming trend in the spot market on good demand.

However, metal's weakness at the London Metal Exchange (LME) limited the upside.

Zinc for delivery in January 2016 was up by 40 paise, or 0.39%, to Rs 102.45 per kg with a business turnover of 51 lots in futures trading at the Multi Commodity Exchange.

Metal for delivery in current month contracts rose by 30 paise, or 0.30% to Rs 101.20 per kg in a business turnover of 600 lots.

Traders said fresh positions created by speculators on the back of improved demand in the spot market, helped zinc futures to trade higher but a weak trend in metal at the LME on concern that slowing growth in China will hurt demand next year, limited the gains.