Buoyed by a firming trend overseas on strong US data and pick up in domestic market demand, zinc futures prices rose by 2.18 per cent to Rs 105.60 per kg today.
At the Multi Commodity Exchange counter, zinc delivery for February gained Rs 2.25, or 2.18 per cent to Rs 105.60 per kg, with a turnover of six lots.
The metal for delivery in December also edged up by Rs 1.95, or 1.92 per cent to Rs 103.30 per kg, with a business turnover of 7,114 lots, while delivery in January contract was up by Rs 1.75, or 1.71 per cent to Rs 104.35 per kg, with a turnover of 332 lots.
Analysts attributed the rise in zinc futures prices to a firm trend in the entire base metals pack at the London Metal Exchange after jobs and housing data signalled the US is sustaining its recovery and European Union leaders agreed on a mechanism to contain future debt shocks.
Meanwhile, at the London Metal Exchange, zinc prices soared by 2.7 per cent today.
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