Zinc prices moved up by 1.04 per cent to Rs 170.75 per kg in the futures market Wednesday as participants built up fresh positions amid uptick in demand at domestic spot market.
At the Multi Commodity Exchange, zinc for delivery in September rose by Rs 1.75, or 1.04 per cent, to Rs 170.75 per kg in a business turnover of 1325 lots.
Similarly, the metal for delivery in October gained Rs 1.75, or 1.03 per cent, to Rs 171.60 per kg in 34 lots.
Analysts said fresh positions created by traders, taking positive cues from the spot markets on increased demand from consuming industries influenced zinc prices in futures trade.
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