 "Lead gains by 0.7% on global cues")
Tracking a firming trend in base metals in the global market, lead futures prices today rose by 0.69% to Rs 109.85 per kg as speculators enlarged positions.
Further, rising domestic spot demand from battery-makers also supported the upside.
At the Multi Commodity Exchange, lead for delivery in January traded 75 paise, or 0.69%, higher at Rs 109.85 per kg, with a turnover of 295 lots, while delivery in February month contracts was up by 70 paise, or 0.68%, to Rs 110.80 per kg in a turnover of 11 lots.
Marketmen said a firming trend in base metals at the London Metal Exchange and rising demand from domestic batter-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 January traded 75 paise, or 0.69%, higher at Rs 109.85 per kg, with a turnover of 295 lots, while delivery in February month contracts was up by 70 paise, or 0.68%, to Rs 110.80 per kg in a turnover of 11 lots.
Marketmen said a firming trend in base metals at the London Metal Exchange and rising demand from domestic batter-makers, influenced lead prices at futures trade here.