Zinc futures rise on spot demand

Zinc prices rose Rs 2.95 to Rs 217.85 per kg in the futures trade on Monday tracking a firm trend in physical markets on the back of a pick-up in the spot demand.

On the Multi Commodity Exchange, zinc contracts for the January delivery traded higher by Rs 2.95, or 1.37 per cent, at Rs 217.85 per kg with a business turnover of 1,849 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.