Zinc futures marginally up on global cues

NEW DELHI: Supported by a firming trend overseas, zinc prices traded higher by 0.27 per cent to Rs 113.05 per kg in futures trade today.

Increased demand in the domestic market further supported the uptrend.

At the Multi Commodity Exchange, zinc for delivery in February traded 30 paise, or 0.27 per cent, higher at Rs 113.05 per kg, with a business turnover of fourteen lots.

Likewise, the metal for March delivery gained 15 paise, or 0.13 per cent, to Rs 114.05 per kg, with a business volume of 10 lots.

Market analysts attributed the rise in zinc futures prices to a strong demand in the domestic markets amid a firming trend in the entire base metals at London Metal Exchange ( LME).

At the LME, zinc gained 0.9 per cent to USD 2,510 a tonne.