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Lead futures up on global cues, spot demand

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Press Trust of India
Last Updated : Jan 20 2013 | 2:22 AM IST

Lead futures traded a shade higher by 0.20% in futures trade today, supported by gains at the London Metal Exchange and pick-up in spot demand.

At the Multi Commodity Exchange, lead for delivery in August moved up 35 paise, or 0.20%, to Rs 119.65 per kg, with a business turnover of 185 lots.

The July contract gained 15 paise, or 0.13%, to Rs 118.45 per kg, with a turnover of 808 lots.

Market analysts said besides firmness in lead at the London Metal Exchange, pick-up in spot demand from battery-makers mainly pushed up lead futures prices here.

Meanwhile, at the LME lead futures traded 0.40% higher at $2,700 per tonne.

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First Published: Jul 28 2011 | 1:02 PM IST

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