Spot demand lifts zinc futures by 0.30 pc

Zinc prices edged up by 0.30 per cent to Rs 197.45 per kg in futures trading today as traders created fresh positions after demand picked up at the spot market.

At the Multi Commodity Exchange, zinc for delivery in June month edged up by 60 paise, or 0.30 per cent to Rs 197.45 per kg in business turnover of 633 lots.

On similar lines, the metal for delivery in July traded higher by 50 paise, or 0.26 per cent to Rs 196.45 per kg in 81 lots.

Analysts said fresh positions created by participants due to pick up in demand from consuming industries in the spot market, mainly led to the rise in zinc prices at futures trade.