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Lead up 0.1% on firm spot demand, overseas cues

Lead for delivery in July traded higher by similar margin

Press Trust of India New Delhi
Last Updated : Jun 27 2013 | 12:37 PM IST
Lead prices edged up by 0.12% to Rs 123.45 per kg in futures trade today as speculators created fresh positions, driven by a rise in demand in the spot market amid a firm global trend.

At the Multi Commodity Exchange, lead for delivery in June traded tad higher by 15 paise, or 0.12%, to Rs 123.45 per kg in business turnover of 5,765 lots.

Similarly, lead for delivery in July traded higher by similar margin to Rs 123.95 per kg in 1,385 lots.

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Market analysts said fresh positions created by speculators after a rise in demand in the spot market and a firm global trend mainly helped lead to trade marginally up at futures trade here.

Meanwhile, lead up by 1% to $2,051.50 a tonne on the London Metal Exchange.

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First Published: Jun 27 2013 | 12:34 PM IST

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