Lead up by 0.44% on firm spot demand

Strong domestic demand from battery-makers influenced lead prices

Lead futures prices today gained 0.44% on rising demand at domestic spot markets amid a firming trend in the global markets after China released data showing the economy grew in line with expectations in the April-June quarter.

 

At the Multi Commodity Exchange, lead for delivery in August traded 55 paise, or 0.44%, higher at Rs 125.30 per kg, with a turnover of 23 lots.

 

The metal for delivery in July also up by 45 paise, or 0.36%, to trade at Rs 124.2 per kg, in a business turnover of 524 lots.

 

Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals at the London Metal Exchange (LME) after China's economy grew in the second quarter in line with expectations.