Zinc futures rise on spot demand

NEW DELHI: Zinc prices rose Rs 1.35 to Rs 252.75 per kg in the futures trade on Wednesday 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 the September delivery traded higher by Rs 1.35, or 0.54 per cent, to Rs 252.75 per kg with a business turnover of 1,281 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.

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