Zinc futures rise 0.86 pc on positive global cues, spot demand

Zinc prices rose 0.86 per cent to Rs 152.75 per kg in futures trading today in tandem with a firming trend overseas.
Besides, increased demand from consuming industries in spot markets supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in the current month was trading higher by Rs 1.30, or 0.86 per cent, to Rs 152.75 per kg, in a business turnover of 815 lots.
The metal for delivery in October gained Rs 1.25, or 0.82 per cent, to trade at Rs 153.30 per kg in volume of 49 lots.
Market analysts attributed the rise in zinc futures to fresh positions created by participants on the back of a firm global trend in the base metals pack and rising demand from consuming industries at the domestic spot markets.