Zinc prices recovered 1.21 per cent to Rs 142.40 per kg in futures trade today as speculators created fresh positions, taking positive cues from the overseas markets.
Besides, increased demand from consuming industries in the spot market supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in the current month was trading higher by Rs 1.70 or 1.21 per cent to Rs 142.40 per kg in a business turnover of 1,023 lots.
The metal for delivery in July rose by Rs 1.60 or 1.14 per cent to Rs 142.40 per kg in 947 lots.
Marketmen attributed the rise in zinc futures to fresh bets created by participants on the back of a firm global trend and pick-up in demand at the domestic spot market.
