Zinc futures up 0.58 pc on overseas cues, spot demand

NEW DELHI, Mar 21:  Taking positive cues from the global markets and better domestic demand, zinc futures prices today edged up by 0.58 per cent to Rs 104.50 per kg as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in March up by 60 paise, or 0.58 per cent, to Rs 104.50 per kg, with a business turnover of 1,219 lots.
The metal for delivery in April also rose by 55 paise, or 0.52 per cent, to Rs 105.85 per kg in a business volume of 103 lots.
Marketmen said improved demand in the spot market amid a firming trend in base metals overseas, supported the rise in zinc futures here. (PTI)