Spot demand lifts zinc futures by 0.16%

Zinc prices rose by 0.16 per cent to Rs 186.20 per kg in futures trade Wednesday, tracking a firm trend at the physical markets on the back of pick-up in demand.

At the Multi Commodity Exchange, zinc for November was trading higher by 60 paise, or 0.16 per cent, to Rs 186.20 per kg with a business turnover of 306 lots.

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