Zinc futures rise on spot demand

Zinc prices on Monday increased by Rs 3.90 to Rs 276.40 per kilogram in the futures trade, tracking a firm trend in physical markets amid a pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for December delivery traded higher by Rs 3.90 or 1.43 per cent at Rs 276.40 per kg with a business turnover of 3,218 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.