Zinc futures gain marginally on spot demand

Zinc prices on Monday rose 0.03 per cent to Rs 185.05 per kg in futures market as traders built up fresh positions amid increase in spot demand.

On the Multi Commodity Exchange, zinc for delivery in May traded higher by 5 paise, or 0.03 per cent, to Rs 185.05 per kg in a business turnover of 4 lots.

Market analysts said fresh positions created by participants on the back of rise in demand from consuming industries mainly attributed to gain in zinc prices.