Zinc futures rise on spot demand

Zinc prices rose by Rs 1.90 to Rs 224.70 per kg in futures trade on Monday 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 December delivery traded higher by Rs 1.90, or 0.85 per cent, at Rs 224.70 per kg with a business turnover of 2,230 lots.

Marketmen said widening of positions by participants following a pick-up in demand from consuming industries kept zinc prices higher in futures trade.



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