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Zinc futures edged up by 0.74% to Rs 129.25 per kg today as speculators enlarged positions amid pick-up in industrial demand at domestic spot markets and a firming global trend.
At the Multi Commodity Exchange, zinc for delivery in April moved up by 95 paise, or 0.74%, to Rs 129.25 per kg in a business turnover of eight lots.
The metal for delivery in March gained 80 paise, or 0.63%, to trade at Rs 128.50 per kg with a business turnover of 344 lots.
Traders said apart from improved demand in spot markets, a firming trend in the base metals at London Metal Exchange as China's interest rate cut boosted demand outlook in the world's biggest metals consumer, supported the upside in zinc futures.
