Zinc futures rise as demand picks up

Zinc prices rose by 0.24% to Rs 106.15 per kg in futures trade today as speculators created fresh positions, supported by a rise in demand in the spot market.

At the Multi Commodity Exchange, zinc for August delivery traded higher by 25 paise, or 0.24%, to Rs 106.15 per kg, with a business turnover of 1,792 lots.

Similarly, the metal for September delivery edged up by 25 paise, or 0.23%, to Rs 107.15 per kg, with an open interest of 70 lots. Market analysts said fresh buying by speculators on the back of rise in demand in the spot market mainly helped zinc futures prices to trade higher.