Zinc futures climbed 0.80 per cent to Rs 119.50 per kg today after speculators built up bets on the back of a firming trend overseas amid a rising demand in the domestic spot market.
In futures trading at the Multi Commodity Exchange, zinc for delivery in March surged Rs 1.25, or 0.80 per cent, to Rs 119.50 per kg, in a business turnover of 1,019 lots.
Also, metal for delivery in April contracts gained 95 paise, or 0.80 per cent, to Rs 120.20 per kg with a business volume of 28 lots.
According to marketmen, a firming trend in the base metal pack in yesterday's trading at the London Metal Exchange (LME) and uptick in demand at domestic spot markets from consuming industries supported the upside.
