Zinc rises by 0.6% on global cues

Zinc futures edged up 0.61% to Rs 99.35 per kg as speculators created positions amid a rising trend in base metals overseas and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in February was up 60 paise, or 0.61%, to Rs 99.35 per kg, with a business turnover of 39 lots.

The metal for delivery in January also rose by 45 paise, or 0.51% to trade at Rs 98.30 per kg, with a business turnover of 2,583 lots.

Marketmen said strength in metal at the London Metal Exchange (LME) after positive Chinese trade data that showed exports unexpectedly rose in December, suggesting a weaker currency may be helping to bolster the economy in the world's biggest consumer drove the upside in zinc futures.