Zinc futures up Rs 1.35 per kg on spot demand

Zinc futures rose Rs 1.35 to Rs 185.35 per kg today after speculators widened their bets on the back of a firming trend in the domestic spot market on increased demand.
In futures trading at the Multi Commodity Exchange, zinc for delivery this month surged by Rs 1.35, or 0.73 per cent, to Rs 185.35 per kg in a business turnover of 206 lots.
Also, metal for delivery in February contract gained Rs 1.15, or 0.62 per cent, to Rs 185.85 per kg with a business volume of five lots.
According to marketmen, a firming trend at the spot markets where select base metals strengthened on industrial demand influenced zinc futures here.