Zinc futures up on overseas cues, spot demand

NEW DELHI, Aug 8:  Zinc futures prices today edged up by 0.76 per cent to Rs 113.20 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in August edged up by 85 paise, or 0.76 per cent, to Rs 113.20 per kg, with a business turnover of 581 lots.
The metal for delivery in September also rose by 80 paise, or 0.74 per cent, to Rs 114.30 per kg , with a business turnover of 59 lots.
In the international market, zinc traded a shade higher at the London Metal Exchange (LME).
Marketmen said apart from improved demand in the spot market, a firming trend in copper and other base metals at the LME after trade data in China, the biggest user, beat estimates, influenced metal prices at futures trade. (PTI)

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