Zinc futures up 0.39% as demand picks up

NEW DELHI, Aug 9: Amid pick up in demand at domestic spot market, zinc prices edged higher by 0.39 per cent to Rs 181.55 per kg in futures market today as participants raised bets, taking positive cues from the spot market on rising demand.
At the Multi Commodity Exchange, zinc for delivery in  September edged up by 70 paise, or 0.39 per cent to Rs 181.55 per kg in business turnover of 29 lots.
Similarly, the metal for delivery in August was trading higher by 60 paise, or 0.33 per cent to Rs 181.55 per kg in 1732 lots.
Analysts said expansion of positions by traders on the back of rising demand from consuming industries in the physical market, mainly supported the upmove in zinc prices at futures trade. (PTI)