Spot demand lifts zinc futures by 0.33%

Zinc prices were up by 0.33 per cent to Rs 199.35 per kg in futures trade today as speculators built up positions, driven by uptick in demand in the spot market.

At the Multi Commodity Exchange, zinc for delivery in August edged up by 65 paise, or 0.33 per cent to Rs 199.35 per kg in business turnover of 1,987 lots.

Likewise, the metal for delivery in September contracts was trading higher by a similar margin to Rs 199.95 per kg in 62 lots.

Analysts said fresh positions created by traders following upsurge in demand from consuming industries in the spot market, mainly influenced zinc prices at futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)