Zinc futures rise on Asian cues, spot demand

NEW DELHI, June 24:  Zinc futures edged up by 0.15 per cent to Rs 130.55 per kg today on positive overseas cues and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in June was trading up by 20 paise, or 0.15 per cent, to Rs 130.55 per kg, with a business turnover of 285 lots.
The metal for delivery in July also rose by a similar margin to trade at Rs 131.30 per kg in a business turnover of 26 lots.
Marketmen said apart from improved demand at the domestic spot market, a firming trend in base metals at Shanghai amid signs of strengthening demand for the metal from China, the world’s biggest consumer, supported the rise in zinc prices at futures trade here. (PTI)