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Lead futures up on global cues, spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:58 PM IST

Tracking gains in other base metals amid firming global cues, lead strengthened by 0.54% in futures trade today.

At the Multi Commodity Exchange, August contract for lead moved up by 65 paise, or 0.54%, to Rs 120 per kg, with a business turnover of 87 lots.

Likewise, the metal for delivery in July rose by 50 paise, or 0.42%, to Rs 119.45 per kg, with a turnover of 1,339 lots.

Market analysts said besides a firming trend in copper and other base metals at the LME, on the back of data which showed that US manufacturing grew at a surprisingly strong pace, mainly influenced lead and other base metal prices at futures trade.

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First Published: Jul 04 2011 | 1:13 PM IST

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