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Lead futures rise on overseas trend, spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

Amid a firm trend overseas and increased domestic demand, lead prices rose by 0.82% to Rs 117.20 per kg in futures trade today.  

At the Multi Commodity Exchange, lead for August delivery traded higher by 95 paise, or 0.82%, to Rs 117.20 per kg, with a business turnover of 1,230 lots.

The September contract edged up 85 paise, or 0.73%, to Rs 117.85 per kg, with an open interest of 30 lots. 

Analysts said a firm trend in metals at the London Metal Exchange and increased domestic demand from consuming industries mainly influenced lead prices at futures trade.

Meanwhile, lead rose by 1.2% to $2,645 a tonne on the London Metal Exchange.

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First Published: Aug 01 2011 | 2:34 PM IST

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