Zinc prices rose on the Multi Commodity Exchange due to increased spot demand from consuming industries. The rise is attributed to a widening of positions by participants.
New Delhi, Sep 26 (PTI) Zinc prices on Thursday rose Rs 2.95 to Rs 277 per kilogram in the futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for September delivery traded higher by Rs 2.95 or 1.08 per cent at Rs 277 per kg with a business turnover of 2,857 lots.
Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries kept zinc prices higher in the futures trade.
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