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Lead marginally up on global cues

Increased demand from battery-makers supports uptrend

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 4:04 AM IST

Lead prices rose marginally by 0.18% to Rs 108.75 per kg in futures trade today as speculators created fresh positions on the back of a firm global trend.

At the Multi Commodity Exchange, lead for delivery in August moved up by 20 paise, or 0.18%, to Rs 108.75 per kg, with a business turnover of 2,375 lots.

September lead traded marginally up by 15 paise, or 0.14%, to Rs 108.65 per kg in 1,913 lots.

Marketmen said besides increased demand at domestic spot markets from battery-makers, positions built-up by speculators in line with a firming global trend helped lead prices to trade higher at futures trade.

Meanwhile, lead advanced 0.5% to $1,954 a tonne on the London Metal Exchange.

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First Published: Aug 31 2012 | 3:51 PM IST

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