Zinc up 0.3% on firm spot demand

Zinc futures edged up by 0.31% to Rs 130.55 per kg today as speculators enlarged positions amid a firm global trend and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in February rose by 40 paise, or 0.31%, to Rs 130.55 per kg, with a business turnover of 55 lots.

Likewise, the metal for delivery in January traded higher by 35 paise, or 0.27%, to Rs 130.05 per kg in a turnover of 179 lots.

Traders said besides improved spot demand, a firming trend in select base metals overseas, led to the rise in zinc prices at futures trade here.