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Lead futures advance on spot demand

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Press Trust of India New Delhi
Last Updated : Nov 18 2019 | 12:45 PM IST

Lead prices on Monday traded higher by 65 paise to Rs 155.60 per kg in futures trade as participants built up fresh positions driven by pick-up in demand in spot market.

On the Multi Commodity Exchange, lead for delivery in November edged higher by 65 paise, or 0.42 per cent, to Rs 155.60 per kg in a business volume of 654 lots.

Lead contracts for December delivery traded up by 60 paise, or 0.39 per cent, to Rs 155.95 per kg in a business turnover of 23 lots.

Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers in physical market mainly helped lead prices to trade higher.

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First Published: Nov 18 2019 | 12:45 PM IST

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