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Zinc futures rise on spot demand

Zinc prices rose by Rs 1 to Rs 245.50 per kg in the futures trade on Thursday tracking a firm trend in physical markets on the back of a pick-up in spot demand.

migrator

New Delhi

On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by Rs 1, or 0.41 per cent, to Rs 245.50 per kg with a business turnover of 1,675 lots. Market men said widening of positions by participants following a pick-up in demand from consuming industries kept zinc prices higher in the futures trade.

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