Supported by rising demand at the domestic spot market and a firming trend overseas, zinc futures today edged up by 1.42 per cent after speculators built up fresh positions at the domestic markets.
At the Multi Commodity Exchange, zinc for delivery in current month increased by Rs 2.65, or 1.42 per cent, to Rs 189.70 per kg, with a business turnover of 602 lots.
Similarly, the metal for delivery in February traded higher by Rs 2.55, or 1.36 per cent, to Rs 190 per kg, in a turnover of 47 lots.
Traders said improved spot demand coupled with a firming trend in base metals at the London Metal Exchange (LME) as the US President Donald Trump reiterated plans to rebuild infrastructure, mainly supported the upside in zinc futures prices here.
Globally, zinc for delivery in three months rose 1.1 per cent at the LME.
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