Zinc up 0.2% on short-covering, spot demand

Metal for delivery this month rose by 0.11%

Zinc futures edged up by 0.18% to Rs 141.55 per kg today after speculators covered-up their short positions amidst rising demand in domestic spot markets.

At the Multi Commodity Exchange, zinc for delivery in November moved up by 25 paise, or 0.18%, to Rs 141.30 per kg in a business turnover of 69 lots.

The metal for delivery this month rose by 15 paise, or 0.11%, to trade at Rs 141.75 per kg with a business turnover of 157 lots.

According to marketmen, apart from improved demand in the spot markets, covering-up of short positions by speculators on the last day of October, supported the upside in zinc futures.