PTI reported that Indian zinc rose by INR 1.05 or nearly 1% to INR 106.80 per kilogram following firming trend in entire base metals overseas.

At the Multi Commodity Exchange, zinc for delivery in January traded higher by INR 1.05 or 0.99% to INR 106.80 per kilogram with a business turnover of 1,716 lots. The February contract inched up by INR 1 or 0.94% to INR 107.60 per kilogram with a business turnover of 224 lots.

Analysts said that besides a firming trend in entire base metal in the global markets, pick up in domestic demand helped zinc prices trade higher. Meanwhile, zinc gained 1.4% to USD 2,154.75 per tonne on the London Metal Exchange.

(Sourced from Press Trust of India)