Don’t miss the latest developments in business and finance.

Lead futures up by 1.33%

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 6:21 AM IST

Lead futures prices rose 1.33 per cent at Rs 110.10 per kg today in tandem with firming trend in base metals overseas.

In addition, strong demand at the domestic markets also supported the rise in lead futures prices. 

At the Multi Commodity Exchange platform, lead for delivery in November rose Rs 1.45, or 1.33 per cent, to Rs 110.20 per kg, with a business turnover of 1,779 lots.

Similarly, the metal for delivery in December gained Rs 1.40, or 1.28 per cent, to Rs 111.10 per kg, with a business volume of 51 lots.    

Analysts said fresh positions created by speculators, driven by a firming trend in base metals overseas, led to a rise in lead futures prices.   

Pick up in demand from battery manufacturers further fuelled the uptrend, they said.

Also Read

First Published: Nov 04 2010 | 1:48 PM IST

Next Story