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Lead futures marginally up on overseas trend

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 3:38 AM IST

Buoyed by firming trend at the London Metal Exchange and pick up in demand in spot markets, lead futures traded Rs 0.60 or 0.72 per cent higher at Rs 83.75 per kg today.

At the Multi Commodity Exchange, lead for July-month gained Rs 0.60 or 0.72 per cent to Rs 83.75 per kg, with a turnover of 6,418 lots.

Similarly, the metal for delivery in August moved up by Rs 0.60 or 0.71 per cent to Rs 84.90 per kg, with a turnover of 823 lots.

At the London Metal Exchange, lead added 1.2 per cent to $1,792 a tonne.

Analysts said firming trend at the London Metal Exchange (LME) as metal was trading at a discount to Chinese contracts after last week's fall, mainly influenced lead futures prices here.

Besides, firming trend at physical markets followed by good demand from battery makers also led to a rise in the prices, they said.

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First Published: Jul 19 2010 | 12:18 PM IST

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