Zinc up by 0.2% in line with global trend

Zinc futures edged up 0.15% to Rs 137.50 per kg today after speculators built up bets on the back of rising demand in the domestic spot market amid a firming trend overseas.

At the Multi Commodity Exchange, zinc for delivery in June moved up 20 paise, or 0.15%, to Rs 137.50 per kg in a business turnover of 385 lots.

According to marketmen, apart from improved demand in the spot market, a firming trend in select base metals at the London Metal Exchange after weaker-than-estimated inflation data from China bolstered the case for further stimulus supported the upside.