 "Lead gains 0.4% on global cues, spot demand")
Tracking a firming trend in base metals in the global market, lead futures prices today rose by 0.40 per cent to Rs 125.05 per kg as speculators enlarged positions.
Further, rising domestic spot demand from battery makers also supported the upside.
At the Multi Commodity Exchange, lead for delivery in May traded 50 paise, or 0.40 per cent, higher at Rs 125.05 per kg, with a turnover of 350 lots, while the June contract was up by 45 paise, or 0.36 per cent, to Rs 126.25 per kg in a turnover of 10 lots.
Marketmen said a firming trend in base metals at the London Metal Exchange and rising demand from domestic battery makers, influenced lead prices at futures trade here.
Further, rising domestic spot demand from battery makers also supported the upside.
At the Multi Commodity Exchange, lead for delivery in May traded 50 paise, or 0.40 per cent, higher at Rs 125.05 per kg, with a turnover of 350 lots, while the June contract was up by 45 paise, or 0.36 per cent, to Rs 126.25 per kg in a turnover of 10 lots.
Marketmen said a firming trend in base metals at the London Metal Exchange and rising demand from domestic battery makers, influenced lead prices at futures trade here.