Zinc futures rise 1.07% on overseas cues, spot demand

NEW DELHI, Oct 1:  Zinc futures rose 1.07 per cent to Rs 113.20 per kg as participants built up positions amid a rising trend in base metals overseas and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in November was up by Rs 1.20, or 1.07 per cent, to Rs 113.20 per kg in 20 lots.
The metal for delivery in October also rose Rs 1.15 or 1.03 per cent, to Rs 112.30 per kg, with a business turnover of 1,099 lots.
Market analysts 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. (PTI)