Zinc futures up 0.25% on overseas cues, spot demand

NEW DELHI: Zinc futures rose 0.25 per cent to Rs 124.05 per kg as participants built up positions amid a rising trend in base metals overseas and better domestic demand.

At Multi Commodity Exchange, zinc for delivery this month was up by 35 paise, or 0.25 per cent, to Rs 124.05 per kg in 415 lots.

The metal for delivery in August also rose 30 paise, or 0.24 per cent, to Rs 124.60 per kg, with a business turnover of 54 lots.

Marketmen said besides a firming trend at the domestic spot market, strength in copper and other base metals at the London Metal Exchange drove the upside in zinc prices.