Zinc futures up by 0.13 pc on uptick in demand

Zinc prices traded marginally higher by 0.13 per cent to Rs 188.70 per kg in futures trade today as participants built up fresh positions, taking positive cues from the domestic spot markets on pick up in demand.
At the Multi Commodity Exchange, zinc for delivery in February edged up by 25 paise, or 0.13 per cent, to Rs 188.70 per kg, in a business turnover of 555 lots.
Likewise, the metal for delivery in far-month March traded higher by a similar margin to Rs 189 per kg in six lots.
Analysts said fresh positions created by traders on the back of pick up in demand from consuming industries in the spot market, drove the upside in zinc prices at futures trade.