Zinc futures rise on firm domestic cues

Zinc prices rose 0.17 per cent to Rs 179.55 per kg in futures market on Monday as traders built up fresh positions amid increase in spot demand.

On the Multi Commodity Exchange, zinc for delivery in September traded higher by 30 paise, or 0.17 per cent, to Rs 179.55 per kg in a business turnover of 39 lots.

Similarly, the metal for delivery in October edged up by 10 paise, or 0.05 per cent, to Rs 182.40 per kg in 1,746 lots.

Market analysts said fresh positions created by participants on the back of rise in demand from consuming industries mainly attributed to gain in zinc prices.