Zinc futures trade marginally higher on firm demand.

Zinc futures traded marginally higher on MCX as speculators enlarged their positions on firm demand, while decrease in inventories also supported zinc prices' uptrend. Moreover, optimism over potential interest rate cuts in the United States by March also kept zinc prices bullish. The contract for January delivery was trading at Rs 233.45, up by 0.06% or Rs 0.15 from its previous closing of Rs 233.30. The open interest of the contract stood at 5543 lots.The contract for February delivery was trading at Rs 235.30, up by 0.17% or Rs 0.40 from its previous closing of Rs 234.90. The open interest of the contract stood at 250 lots on MCX. [Extracted from the article]