Zinc futures up 0.41 per cent on spot demand, global cues

NEW DELHI, May 26:  Zinc futures edged up by 0.41 per cent to Rs 122.85 per kg today after speculators enlarged positions on the back of rising demand in domestic spot markets along with a firming trend overseas.
At the Multi Commodity Exchange, zinc for delivery in June moved up by 50 paise, or 0.41 per cent, to Rs 122.85 per kg in a business turnover of two lots.
The metal for delivery in May gained 20 paise, or 0.16 per cent, to trade at Rs 121.80 per kg with a business turnover of 1,266 lots.
According to marketmen, apart from improved demand in the spot markets, a firming trend in the base metals at the London Metal Exchange, supported the upside in zinc futures. (PTI)