Zinc prices recovered by Re 1, or 1.22 per cent, to Rs 83.05 per kg, in futures trading today as speculators indulged in covering-up their short positions at prevailing levels, triggered by spot demand.
Better trends at the London Metal Exchange after previous session's losses, also helped zinc futures to trade higher.
At the Multi Commodity Exchange, the most-active zinc for delivery in July month contract traded Re 1, or 1.22 per cent, higher at Rs 83.05 per kg, with a turnover of 898 lots.
The metal for delivery in August month contract also gained Rs 0.95, or 1.14 per cent, to Rs 84.15 per kg, in 32 lots.
Analysts attributed the recovery in zinc futures prices to covering-up of short positions by speculators at attractive lower levels on better demand in spot markets.
