Zinc prices were up by 1.61 per cent to Rs 177.15 per kg in futures trade Thursday as speculators widened their positions, taking positive cues from spot market on strong demand.
At the Multi Commodity Exchange, zinc for delivery in September rose by Rs 2.80, or 1.61 per cent, to Rs 177.15 per kg in a business turnover of 1,338 lots.
Similarly, the metal for delivery in October gained Rs 2.80, or 1.60 per cent, to Rs 177.65 per kg in 7 lots.
Analysts said raising of bets by participants in line with positive trend at spot market on surging demand from consuming industries and firmness in copper in global markets, supported the upside in zinc prices in futures trade here.