Lead up by 0.8% on strong spot demand

Strong domestic demand from battery-makers influenced the prices of lead

Lead futures prices today gained 0.74% on rising demand at domestic spot markets and positive cues from global markets.

 

At the Multi Commodity Exchange, lead for delivery in July traded 90 paise, or 0.74% higher at Rs 122.75 per kg, with a turnover of 1,572 lots.

 

The metal for delivery in August also rose by 80 paise, or 0.65% to trade at Rs 123.55 per kg, in a business turnover of 131 lots.

 

Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals at the London Metal Exchange influenced lead prices at futures trade here.

 

Meanwhile, at the London Metal Exchange, lead traded a shade higher at $2,076 a tonne.