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Lead up 0.5% on global cues, spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:06 AM IST

Buoyed by firming trend overseas and pick up in demand from battery-makers, lead prices moved up by 0.50% to Rs 100.35 per kg in futures trading today.

At the Multi Commodity Exchange, lead for delivery in February edged up by 50 paise, or 0.50%, to Rs 100.35 per kg, with a business turnover of 601 lots.

The March contract traded higher by the same margin to Rs 101.55 per kg, with a business turnover of 35 lots.

Meanwhile, at the London Metal Exchange (LME), lead climbed 1.5% to $2,045 per tonne.

Analysts attributed the rise in lead prices at futures trade to a firming trend at the LME and pick-up in demand from battery-makers in the spot market.

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First Published: Feb 17 2012 | 1:54 PM IST

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