Lead up by 0.5% on firm spot demand

Good demand from battery-makers influenced lead prices

Lead futures prices today rose by 0.53% to Rs 124 per kg as speculators covered-up short positions amid strong spot demand.

 

At the Multi Commodity Exchange, lead for delivery in August traded 65 paise, or 0.53%, higher at Rs 124 per kg, with a turnover of 3,301 lots.

 

The metal for delivery in July rose by 50 paise, or 0.41%, to Rs 123.30 per kg in a turnover of 3,301 lots.

 

Traders said besides covering-up of short positions by speculators, good demand from battery-makers and a firming trend in metal at the London Metal Exchange (LME) influenced lead futures prices here.