Zinc rises 0.39% in futures trade on global cues

Supported by pick-up in spot demand and a better trend at the London Metal Exchange, zinc futures prices rose by 0.39% today.

At the Multi Commodity Exchange, zinc for delivery in July traded higher by 40 paise, or 0.39%, to Rs 103.25 per kg, with a business turnover of 1,072 lots.
Similarly, the metal for delivery in August weakened by 35 paise, or 0.38%, to Rs 104.35 per kg, with a trade volume of 27 lots. Also read: Short sell crude and buy Gold and Copper at dips: Experts
Market analysts said besides pick-up in spot demand, gains in zinc prices at the London Metal Exchange (LME) also influenced metal prices at futures trade here.
Meanwhile, zinc rose 0.7% to USD 2,326.50 a tonne at the LME.