Zinc futures gain on spot demand

Zinc prices rose by 0.09 per cent to Rs 234.85 per kg in futures trade on Thursday tracking a firm trend in physical markets on the back of a pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for May delivery traded higher by 20 paise, or 0.09 per cent, to Rs 234.85 per kg with a business turnover of 2,477 lots.

Marketmen said widening of positions by participants following a pick-up in demand from consuming industries kept zinc prices higher in futures trade.