Zinc futures rise on spot demand

Zinc prices rose by 40 paise to Rs 217.55 per kg in futures trade on Wednesday tracking a firm trend in physical markets on the back of a pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for January delivery traded higher by 40 paise, or 0.18 per cent, at Rs 217.55 per kg with a business turnover of 1,483 lots.

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

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