Spot demand lifts zinc futures by 0.62%

Supported by an upsurge in demand from consuming industries at domestic spot market, zinc prices traded higher by 0.62 per cent to Rs 171.30 per kg in futures market today as participants built up fresh positions.
At the Multi Commodity Exchange, zinc for delivery in May rose by Rs 1.05, or 0.62 per cent, to Rs 171.30 per kg, in a business turnover of 846 lots.
Similarly, the metal for delivery in June edged up by a Re, or 0.59 per cent, to Rs 171.75 per kg in 33 lots.
Analysts said that a firming trend at the domestic spot market following pick up in demand from consuming industries, mainly led to the rise in zinc prices at futures trade.