Zinc futures up on overseas cues, spot demand

NEW DELHI, Sept 4:  Zinc futures edged up by 0.38 per cent to Rs 143.85 per kg today as speculators enlarged positions amid positive cues from global markets and rising domestic demand.
At the Multi Commodity Exchange, zinc for delivery in September was up by Rs 2.55, or 0.38 per cent, to Rs 143.85 per kg with a business turnover of 1,248 lots.
The metal for delivery in October also rose by 45 paise, or 0.31 per cent, to Rs 144.40 per kg with a business turnover of 16 lots.
Marketmen said besides improved demand in the spot market, a strength in base metals overseas after data signalled
improving economic conditions in the US and China, the biggest metals consumers, supported the upside in zinc prices at futures trade. (PTI)