 "Lead up 0.2% on spot demand, global cues")
Lead futures strengthened by 0.22% to Rs 137.25 per kg today as speculators enlarged positions amid demand in the domestic spot market and a firming global trend.
At the Multi Commodity Exchange, lead for delivery in August traded higher by 30 paise, or 0.22%, to Rs 137.25 per kg, with a turnover of 126 lots.
The metal for delivery in September gained 20 paise, or 0.15%, to Rs 137.70 per kg in a business volume of one lot.
Marketmen said apart from domestic demand, particularly from battery-makers, the metal's gain in copper and other base metals in overseas market, supported the upside in lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in August traded higher by 30 paise, or 0.22%, to Rs 137.25 per kg, with a turnover of 126 lots.
The metal for delivery in September gained 20 paise, or 0.15%, to Rs 137.70 per kg in a business volume of one lot.
Marketmen said apart from domestic demand, particularly from battery-makers, the metal's gain in copper and other base metals in overseas market, supported the upside in lead prices at futures trade.