NEW DELHI, Aug 20: Zinc futures edged up by 0.36 per cent to Rs 141.25 per kg today as speculators enlarged positions on positive cues from global markets and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in September was up by 50 paise, or 0.36 per cent, to Rs 141.25 per kg, with a business turnover of 20 lots.
The metal for delivery in current month also rose by 45 paise, or 0.32 per cent, to Rs 140.70 per kg in a business volume of 233 lots.
Marketmen said besides improved demand in the domestic spot market, a firming trend in the metal overseas as stockpiles fell and after a jump in US home building increased speculation that demand is rising in the second- biggest user of industrial metals, supported the rise zinc prices at futures trade here.
Meanwhile, inventories tracked by the London Metal Exchange fell for the second day to 736,525 tonnes, according to exchange data.
Globally, zinc for delivery in three months rose as much as 0.4 per cent to USD 2,312 a metric tonne at the LME. (PTI)
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