BS reported that Indian zinc prices rose by 0.27% to INR 112.25 per kilogram in futures trade as speculators created fresh positions, driven by a rise in spot demand.

At the Multi Commodity Exchange, zinc for delivery in August declined by 30 paise or 0.27% to INR 112.25 per kilogram in business turnover of 122 lots. Likewise, the metal for delivery in July traded higher by 25 paise or 0.23% to INR 110.85 per kilogram in 1,507 lots.

Market analysts said that fresh positions created by speculators on the back of a rise in demand in the spot market mainly influenced zinc prices at futures trade. Meanwhile, zinc was little changed at USD 1,893.75 per tonne on the London Metal Exchange.