Zinc futures up on pick up in demand

Zinc futures prices traded higher by Rs 1.50 to Rs 107.45 per kg today on pick up in demand in the spot market.

At the Multi Commodity Exchange, zinc for January gained Rs 1.50, or 1.42 per cent to Rs 107.45 per kg, with a business turnover of 20 lots.

Similarly, the metal for delivery in February contract traded higher by Rs 1.40, or 1.31 per cent, to Rs 108.65 per kg, with a business volume of five lots.

Market analysts said pick up in demand in the spot market mainly led to the rise in zinc futures prices.