Zinc prices surged by 0.55 per cent to Rs 119.55 per kg in futures trade today as participants built up positions, taking positive cues from overseas markets.
Besides, pick up in demand from consuming industries at domestic spot market fuelled the uptrend.
At Multi Commodity Exchange, zinc for delivery in February rose by 65 paise, or 0.55 per cent, to Rs 119.55 per kg, in a business turnover of 571 lots.
Likewise, the metal for delivery in March edged up by 55 paise, or 0.46 per cent, to Rs 120.10 per kg in three lots.
Analysts said a firming trend in global markets where the entire base metals pack strengthened as finance chiefs from the Group of 20 sought to shore up investors' confidence in global economic prospects, drove the upside in zinc prices at futures trade.
