Zinc prices rose by Rs 1.20 to Rs 101.50 per kg in futures trade today as speculators enlarged their positions, driven by pick-up in spot market demand amid a firming global trend.
At the Multi Commodity Exchange, zinc for November delivery rose by Rs 1.20, or 1.20%, to Rs 101.50 per kg, with an open interest of two lots.
Likewise, the metal for August delivery traded higher by 85 paise, or 0.86%, to Rs 99.75 per kg, with an open interest of 4,559 lots.
Market analysts said increased buying by speculators and a firm trend in overseas market, mainly led to the rise in zinc prices at futures trade. Meanwhile, zinc jumped by a per cent to $2,204 a tonne on the London Metal Exchange.