Spot demand lifts zinc futures by 0.41%

Zinc futures traded higher by 0.41% to Rs 146.75 per kg today as traders created speculative positions amid uptick in demand in the domestic spot markets and covering-up of short positions.

At the Multi Commodity Exchange, zinc for delivery in current month traded higher by 60 paise, or 0.41% to Rs 146.15 per kg in a business turnover of 1,596 lots.

Likewise, the metal for delivery in August edged up by 50 paise, or 0.34% to Rs 146.75 per kg in 287 lots.

Market analysts attributed the rise in zinc futures to a firm trend at spot market on pick up in demand from consuming industries.