Zinc futures jump up on high demand

Zinc prices on Monday rose 1.04 per cent to Rs 287.20 per kilogram in the futures trade amid a pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for November delivery traded Rs 2.95 or 1.04 per cent higher at Rs 287.20 per kg in 1,073 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.