 "Lead gain 0.2% on global cues")
Lead futures rose by 0.20% to Rs 123.15 per kg today as speculators enlarged positions amid a firming trend in select base metals in the global market.
Further, rising domestic spot demand from battery-makers also supported the upside.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 25 paise, or 0.20%, at Rs 123.15 per kg, with a turnover of 120 lots, while delivery in November was up by 10 paise, or 0.08%, to Rs 124.20 per kg in a turnover of 10 lots.
Marketmen said a firming trend in base metals in global market as economic growth and factory output data for third quarter from China, the biggest user of industrial metals, beat analysts' estimates and rising demand from domestic battery-makers, influenced lead prices at futures trade here.
Further, rising domestic spot demand from battery-makers also supported the upside.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 25 paise, or 0.20%, at Rs 123.15 per kg, with a turnover of 120 lots, while delivery in November was up by 10 paise, or 0.08%, to Rs 124.20 per kg in a turnover of 10 lots.
Marketmen said a firming trend in base metals in global market as economic growth and factory output data for third quarter from China, the biggest user of industrial metals, beat analysts' estimates and rising demand from domestic battery-makers, influenced lead prices at futures trade here.