Zinc futures rise marginally to Rs 176.55 per kg

Zinc prices on Monday rose by Rs 1.30 to Rs 176.55 per kg in futures trade, tracking a firm trend in physical markets on the back of pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for August delivery traded higher by Rs 1.30, or 0.74 percent, at Rs 176.55 per kg with a business turnover of 1,977 lots.

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