Zinc futures move higher on spot demand

NEW DELHI: Zinc prices rose by 90 paise to Rs 219.90 per kg in futures trade on Wednesday tracking a firm trend in physical markets on the back of a pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for April delivery traded higher by 90 paise, or 0.41 per cent, to Rs 219.90 per kg with a business turnover of 1,972 lots.

Marketmen said widening of positions by participants following a pick-up in demand from consuming industries kept zinc prices higher in futures trade.

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