Supported by upsurge in demand in the spot market, zinc prices edged up by 0.60 per cent to Rs 168.05 per kg in futures trade today as participants raised bets, taking positive cues from the spot market on pick up in demand.
At the Multi Commodity Exchange, zinc for delivery in August rose by Re 1, or 0.60 per cent to Rs 168.05 per kg in business turnover of 1234 lots.
On similar lines, the metal for delivery in September was trading higher by 95 paise, or 0.57 per cent to Rs 168.20 per kg in 94 lots.
Analysts said expansion of positions by traders on the back of firm demand from consuming industries at the physical market pushed up zinc prices in futures trade.
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