New Delhi, May 1 Zinc prices rose by 3.5 per cent in the Multi Commodity Exchange today following sustained buying by traders on the back of firm overseas cue.
Firming trend in the spot market also fueled the uptrend in future market.
At 1730 hrs Zinc for may-month contract gained by 3.35 per cent at Rs7260 per kilo, clocking the trading volume of 360 lots.
June-month contract too swifted by 2.67 per cent to Rs 73.05 per kilo, in a trading volume of 13 lots.
Marketmen said low levels buying by traders and firming global trend, caused rise in zinc prices here in the future market.
In London Metal Exchange, the zinc rose 3.2 per cent to 1,470 dollar a ton as funds seen shifting their money from bullion and equities to base metals for quick gains.
