Tracking a firming global trend, zinc futures prices rose by 0.41% to Rs 98.45 per kg today on increased buying support from speculators. A pick-up in demand in the domestic spot market also supported the uptrend in zinc futures prices.
At the Multi Commodity Exchange, zinc for August delivery was trading higher by 40 paise, or 0.41%, at Rs 98.45 per kg, with a business turnover of 2,841 lots.
Similarly, the metal for September delivery edged up by 40 paise, or 0.40%, to Rs 99.40 per kg, with a trading volume of 195 lots.
Market analysts attributed the rise in zinc futures prices to a firming trend in base metals on the London Metal Exchange (LME), supported by a pick-up in demand in the spot market.
Meanwhile, zinc gained 1.3% to $2,180 a tonne on the LME today.