Zinc up 0.45% on spot demand

However, weakness in industrial metals abroad, on signs of weak Chinese economy, caps gains

Zinc futures edged up by 0.45 per cent to Rs 101.45 per kg today largely on the back of better domestic demand.

However, weakness in most industrial metals overseas after Chinese trade data reinforced concerns over the economic deterioration of the world's biggest consumer of commodities, restricted gains.

At the Multi Commodity Exchange, zinc for delivery this month was up by 45 paise, or 0.45 per cent, to Rs 101.45 per kg, with a business turnover of 492 lots.

The metal for delivery in January next year was trading 40 paise, or 0.39 per cent higher at Rs 102.45 per kg in moderate business volume of 25 lots.
 

Marketmen said better demand at the spot markets helped zinc futures to trade higher as speculators enlarged their positions.