Zinc futures rise on spot demand

Zinc prices on Friday rose by Rs 1.55 to Rs 223.40 per kg in futures trade tracking a firm trend in physical markets on the back of pick up in spot demand.

On the Multi Commodity Exchange, zinc contracts for November delivery traded higher by Rs 1.55, or 0.7 per cent, at Rs 223.40 per kg with a business turnover of 2,652 lots.

Marketmen said widening of positions by participants following a pick up in demand from consuming industries kept zinc prices higher in futures trade.