Zinc futures up 0.49 pc on overseas cues, spot demand

NEW DELHI, May 22:  Zinc futures prices today firmed up by 0.49 per cent to Rs 101.65 per kg amid a positive global trend and better domestic demand, as speculators created positions.

At the Multi Commodity Exchange, zinc for delivery in May up by 50 paise, or 0.49 per cent, to Rs 101.65 per kg, with a business turnover of 461 lots.

The metal for delivery in June also rose by 45 paise, or 0.44 per cent, to Rs 102.50 per kg, with a business turnover of 45 lots.

Marketmen said besides improved demand in the spot market, a firming trend in copper and other base metals overseas, supported the upside in zinc prices at futures trade. (PTI)