NEW DELHI, July 16: Zinc futures edged up 0.15 per cent to Rs 133.05 per kg as speculators created positions amid a rising trend in base metals overseas and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in July was up 20 paise, or 0.15 per cent, to Rs 132.35 per kg, with a business turnover of 679 lots.
The metal for delivery in August also rose a similar margin to trade at Rs 133.05 per kg, with a business turnover of 19 lots.
Marketmen said strength in metal at the London Metal Exchange (LME) after data showing global usage exceeded production in May drove the upside in zinc prices.
Globally, zinc for delivery in three months increased as much as 0.8 per cent to trade at nearly 1-month high of USD 2,093 per tonne at LME. (PTI)
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