Tracking gains in other base metals and a firming trend overseas, zinc continued its upward march in futures trade today and rose by 0.69% to Rs 102.55 per kg.
At the Multi Commodity Exchange, zinc for delivery in June rose by 70 paise, or 0.69% to Rs 102.55 per kg, with a business turnover of 427 lots.
The metal for May delivery also gained 65 paise, or 0.65% to Rs 101.30 per kg, with a business volume of 1,732 lots. At the London Metal Exchange, zinc increased by 0.2% to $2,250 a tonne.
Analysts attributed the rise in zinc futures to a firming trend in the entire base metals at the LME and better demand at the domestic spot markets.
