Zinc futures recover on global cues

Zinc prices recovered by 0.61% to Rs 106.35 per kg in futures trading today after speculators created fresh positions, tracking gains in base metals overseas.
Besides, pick-up in spot demand also influenced the zinc futures prices here.

At the Multi Commodity Exchange, zinc for July delivery traded higher by 65 paise, or 0.61%, to Rs 106.35 per kg, with a business turnover of 1,017 lots.
Similarly, the metal for August delivery rose by 55 paise, or 0.52%, to Rs 107.25 per kg, with a business volume of 10 lots.
Market analysts said a firm trend in the base metals at the London Metal Exchange (LME) and pick-up in domestic demand at spot markets, mainly influenced zinc futures prices here.
Meanwhile, zinc gained 0.5% to $2,392 a tonne at the LME.
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