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Lead up in futures trade, rises 0.20%

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:18 AM IST

Tracking firming trend in base metals overseas, lead traded 0.20 per cent higher to Rs 101 per kg in futures trade today. 

Pick up in demand at the physical markets from battery makers and other consuming industries, also supported the rise in lead futures here. 

At the Multi Commodity Exchange platform, the September contract of lead traded 20 paise, or 0.20 per cent higher, to Rs 101 per kg, with a turnover of 499 lots.

The metal for delivery in October also gained 15 paisa, or 0.15 per cent, to Rs 101.90 per kg, with a turnover of 20 lots.

At the London Metal Exchange counter, lead advanced 1.3 per cent to $2,231.75 per tonne.

Analysts said sentiment buoyed after weak dollar boosted demand for raw materials as an alternative investment option, helping lead futures to trade higher.

Besides, strong demand at the spot markets also influenced the lead futures prices, they said.

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First Published: Sep 20 2010 | 1:29 PM IST

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