Zinc futures recovers on global cues

NEW DELHI: Zinc prices recovered by 0.57 per cent to Rs 97.35 per kg in futures trading today tracking gains in base metals overseas.

Also, pick-up in spot demand influenced the zinc futures prices here.

At the Multi Commodity Exchange, zinc for delivery in May traded higher by 55 paise, or 0.57 per cent to Rs 97.35 per kg, with a business turnover of 1,314 lots.

Similarly, the metal for delivery in June rose by 55 paise, or 0.56 per cent to Rs 98.70 per kg, with a business volume of 135 lots.

Market analysts said a firm trend in the entire base metals at the London Metal Exchange and pick-up in domestic demand at spot markets, mainly led to the recovery in zinc futures prices here.