New Delhi, May 12 — Zinc prices climbed by Rs 1.65 to reach Rs 252.75 per kilogram in Monday's futures trading, driven by increased demand in the physical market.
At the Multi Commodity Exchange (MCX), the June delivery contracts for zinc rose 0.66 percent, trading at Rs 252.75 per kg. A business turnover of 736 lots supported the uptick.
According to market analysts, the rise in zinc prices was primarily attributed to traders expanding their positions in response to a renewed demand from consuming industries, buoying the futures market sentiment.
The positive movement signals a firming trend in the industrial metals space, reflecting expectations of steady consumption in the near term.
