Zinc prices went up by 0.49 per cent to Rs 174.70 per kg in futures market Monday as investors created fresh positions amid a firm trend at the spot market on rising demand from consuming industries.
At the Multi Commodity Exchange, zinc for delivery in September rose by 85 paise, or 0.49 per cent, to Rs 174.70 per kg in a business turnover of 890 lots.
Similarly, the metal for delivery in October contracts traded higher by 80 paise, or 0.46 per cent, to Rs 175.35 per kg in 10 lots.
Analysts said fresh positions created by participants following surging demand from consuming industries in the physical market attributed to the rise in zinc prices in futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content