Zinc futures rise on spot demand

Zinc prices rose by Rs 1.1 to Rs 243.85 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 July delivery traded higher by Rs 1.1, or 0.45 per cent, to Rs 243.85 per kg with a business turnover of 1,309 lots.

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