Zinc gains 0.25 pc in futures trade on overseas cues

NEW DELHI, Oct 22:  Zinc futures prices today edged up by 0.25 per cent to Rs 118.30 per kg amid a firm global trend and better domestic demand as speculators created positions.

At the Multi Commodity Exchange, zinc for delivery in October traded up by 30 paise, or 0.25 per cent, to Rs 118.30 per kg, with a business turnover of 133 lots.

The metal for delivery in November also rose by a similar margin to trade at Rs 119.70 per kg in a business turnover of 13 lots.

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