Zinc futures traded higher by
0.98 per cent on Wednesday as speculators enlarged positions following uptick in demand at the spot markets coupled with a firm trend overseas.
At the Multi Commodity Exchange, zinc for delivery in current month was trading higher by Rs 1.95, or 0.98 per cent, to Rs 201.55 per kg, in a business turnover of 751 lots.
Market analysts attributed the rise in zinc futures to
raising of bets by participants on a better trend at spot market on pick-up in demand from consuming industries and a firming trend overseas.
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