Zinc futures rise on spot demand

Zinc prices on Monday rose by Rs 2.30 to Rs 375 per kilogram 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 April delivery traded higher by Rs 2.30 or 0.62 per cent at Rs 375 per kg with a business turnover of 1,637 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.