Zinc futures traded higher by 0.74 per cent to Rs 190.45 per kg today as traders enlarged positions following uptick in demand in the spot markets coupled with a firm trend at the London Metal Exchange.
At the Multi Commodity Exchange, zinc for delivery in March traded higher by Rs 1.40, or 0.74 per cent, to Rs 190.45 per kg, in a business turnover of 101 lots.
Likewise, the metal for delivery in February edged up by Rs 1.35, or 0.72 per cent, to Rs 190.10 per kg in 2,540 lots.
Market analysts attributed the rise in zinc futures to a firm trend at spot market on pick up in demand from consuming industries and a firming trend in the base metals pack overseas.
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