Tracking a firm trend in global market along with covering-up of short positions by speculators, zinc futures prices surged today by 0.85 per cent to Rs 107.40 per kg.
At the Multi Commodity Exchange counter, zinc delivery for February gained 90 paise, or 0.85 per cent, to Rs 107.40 per kg, with a business turnover of three lots.
The metal for delivery in December also traded up by 80 paise, or 0.77 per cent, to Rs 105 per kg, with a business turnover of 2,189 lots.
While delivery in January rose by 60 paise, or 0.57 per cent, to Rs 106.35 per kg, with an open interest of 589 lots.
At the London Metal Exchange, zinc jumped 1.7 per cent to $2,346 per tonne.
Analysts attributed the rise in zinc futures prices to a firm trend in base metals at the London Metal Exchange (LME) and rising demand at the spot market.
