Zinc prices were higher by 0.62 per cent to Rs 169.50 per kg in futures market Tuesday as speculators created fresh positions, taking positive cues from spot market on pick-up in demand.
At the Multi Commodity Exchange, zinc for delivery in September rose by Rs 1.05, or 0.62 per cent to Rs 169.50 per kg in a business turnover of 1,929 lots.
Similarly, the metal for delivery in October edged up by Re 1, or 0.59 per cent to Rs 170.90 per kg in 111 lots.
Analysts said fresh positions built up by participants following uptick in demand from consuming industries in the physical markets, mainly led to the rise in zinc prices at futures trade.
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