Spot demand lifts zinc futures by 0.34%

Zinc prices rose 0.34 per cent to Rs 205.35 per kg in futures trade Wednesday tracking a firm trend at the spot market on the back of pick-up in demand.

On the Multi Commodity Exchange, zinc for July contracts delivery was trading higher by 70 paise, or 0.34 per cent, to Rs 205.35 per kg with a business turnover of 4,476 lots.

Marketmen said fresh positions created by participants due to pick-up in demand from consuming industries at the spot market mainly led to the rise in zinc prices at futures trade.