Zinc futures rise on spot demand

Zinc prices rose by 50 paise to Rs 214.90 per kg in futures trade on Friday 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 January delivery traded higher by 50 paise, or 0.23 per cent, at Rs 214.90 per kg with a business turnover of 1,740 lots.

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