Zinc advanced for the second straight day and prices edged up by 0.65 per cent to Rs 146.75 per kg in futures trade today as traders engaged in raising their bets amid rising demand in the spot market.
At the Multi Commodity Exchange, zinc for delivery in July went up by 95 paise, or 0.65 per cent, to Rs 146.75 per kg, in a business turnover of 10,376 lots.
Likewise, the metal for delivery in August traded higher by 85 paise, or 0.58 per cent, to Rs 147.30 per kg in 649 lots.
Analysts attributed the rise in zinc futures to pick up in demand from consuming industries in the spot market and a firm trend overseas where it was up 1.1 per cent.
