Zinc futures rise 0.24 pc on firming demand

Zinc prices were up by 0.24 per cent to Rs 165.40 per kg in futures trade today as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets.
However, weakness in select base metals in the global market limited the gains.
At the Multi Commodity Exchange, zinc for delivery in current month was trading higher by 40 paise, or 0.24 per cent, to Rs 165.40 per kg, in a business turnover of 618 lots.
The metal for delivery in June rose 30 paise, or 0.18 per cent, to trade at Rs 166 per kg in 7 lots.

Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.