 "Lead slightly up on demand from battery-makers")
Lead futures prices today rose by 0.14% to Rs 109.30 per kg on rising spot demand and short-covering by speculators, even as metal weakened at the London Metal Exchange (LME) on weak US data.
At the Multi Commodity Exchange (MCX), the May contract traded 15 paise, or 0.14% higher at Rs 109.30 per kg in 994 lots.
The June contract rose by a similar margin to trade at Rs 109.85 per kg in a turnover of 57 lots.
At the LME, lead lost 0.3% to $1,988 per tonne.
At the Multi Commodity Exchange (MCX), the May contract traded 15 paise, or 0.14% higher at Rs 109.30 per kg in 994 lots.
The June contract rose by a similar margin to trade at Rs 109.85 per kg in a turnover of 57 lots.
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Marketmen said besides strong domestic demand from battery-makers, covering-up of short positions by speculators supported the upside, but a weak trend in base metals at the LME after data indicated signs of slowdown in the US economy, limited the gains.
At the LME, lead lost 0.3% to $1,988 per tonne.