Zinc futures gain 0.75 pc on positive spot cues

Zinc prices rose by 0.75 percent to Rs 174.60 per kg in the futures market as speculators raised bets, taking positive cues from the spot market on strong demand.

At the Multi Commodity Exchange, zinc for September edged up by Rs 1.30, or 0.75 percent, to Rs 174.60 per kg in business turnover of 7708 lots.

Analysts said widening of positions by participants, driven by pick up in demand from consuming industries in the spot market pushed up zinc prices in futures trade.

Similarly, the metal for October was trading higher by Rs 1.25, or 0.72 percent, to Rs 175 per kg in 111 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)