Zinc up 0.7% on global cues, firm spot demand

Metal for delivery in February traded higher by 0.59%

Zinc futures prices today edged up by 0.67% to Rs 127.35 per kg today as participants created speculative positions, amid a firm global trend and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in January increased by 85 paise, or 0.67%, to Rs 127.35 per kg, with a business turnover of 305 lots.

Likewise, the metal for delivery in February traded higher by 75 paise, or 0.59%, to Rs 127.80 per kg in a turnover of 41 lots.

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