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Lead futures gain 1.92% on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 29 2018 | 11:50 AM IST
Amid pick up in demand from consuming industries in the spot market and positive global cues, lead prices were up 1.92 per cent to Rs 167.40 per kg in futures trade today.
At the Multi Commodity Exchange, lead for delivery in January rose by Rs 3.15, or 1.92 per cent, to Rs 167.40 per kg, in a business turnover of 1,002 lots.
Similarly, the metal for delivery in February edged higher by Rs 2.90 paise, or 1.76 per cent, to Rs 167.90 per kg in 203 lots.
Market analysts said fresh positions created by traders amid upsurge in demand from battery-makers in the spot market and a firming trend overseas led to the rise in lead prices.

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First Published: Jan 29 2018 | 11:50 AM IST

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