Zinc futures rise on spot demand

Zinc prices on Thursday rose 30 paise to Rs 214.80 per kg in the futures trade, 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 the December delivery traded higher by 30 paise, or 0.14 per cent, at Rs 214.80 per kg with a business turnover of 2,853 lots.

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