Zinc futures edge higher in range-bound trade

NEW DELHI: Zinc prices rose by 0.25 per cent to Rs 99.75 per kg in futures trade today after speculators enlarged positions, driven by a firming trend in global markets.

On the Multi Commodity Exchange, zinc for delivery in August up by 25 paise, or 0.25 per cent, to Rs 99.75 per kg, with a turnover of 1,517.

The metal for the August delivery also moved up by a similar margin to Rs 101.05 per kg, with a business volume of 69 lots.

Marketmen said metal's strength at the London Metal Exchange ( LME) on speculation that China, the world's largest user, will bring stimulus policies and data will show the US economy is improving, raising demand outlook, pushed up zinc futures prices here.

At the LME, zinc traded a shade higher.