Zinc up 0.11% on overseas trend, spot demand

Metal's gain at the London Metal Exchange supports upside in futures prices

Zinc futures edged up by 0.11 per cent to Rs 139 per kg today amid a firm trend at the London Metal Exchange and rising demand at domestic spot markets as speculators created positions.

Zinc for delivery in current month was up by 10 paise or 0.11 per cent to Rs 139 per kg with a business turnover of 367 lots at the Multi Commodity Exchange.

The metal for delivery in May also rose by 10 paise or 0.07 per cent to Rs 139.70 per kg with a business turnover of two lots.

Marketmen said besides improved demand in the spot market, the metal's gain at the London Metal Exchange, supported the upside in zinc prices at futures trade.