Zinc futures rise on spot demand

Zinc prices on Wednesday increased by 85 paise to Rs 290.80 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 85 paise or 0.29 per cent at Rs 290.80 per kg with a business turnover of 3,553 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.