Zinc futures up on spot demand

Zinc prices rose 0.75 per cent to Rs 195.80 per kg in futures trade Thursday as speculators built up fresh positions taking positive cues from the spot market.

On the Multi Commodity Exchange, zinc for delivery in June contracts traded Rs 1.45, or 0.75 per cent, higher at Rs 195.80 per kg in a business turnover of 4,278 lots.

Marketmen said fresh positions built up by participants due to pick-up in spot market led to the rise in zinc futures.