NEW DELHI, July 14: Zinc futures edged up by 0.47 per cent to Rs 138.60 per kg today as speculators enlarged positions amid a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in July went up by 65 paise, or 0.47 per cent, to Rs 137.95 per kg, with a business turnover of 693 lots.
Likewise, the metal for delivery in August traded higher by 70 paise, or 0.43 per cent, to Rs 139.40 per kg in a turnover of 59 lots.
Traders said besides improved spot demand, a firming trend in the metal overseas, where it traded near the highest price since August 2011 as inventories continued declining amidst signs of improving demand in China, supported the upside at futures trade here.
Globally, zinc for delivery in three months rose 0.3 per cent to USD 2,310 a metric tonne at the London Metal Exchange (LME).
Meanwhile, LME inventory for zinc fell for the 10th day to 660,800 tonnes on July 11, the lowest since December 2010, bourse data showed. (PTI)
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