 "Lead rises by 0.5% on spot demand")
Lead prices rose by 0.55% to Rs 127.85 per kg in futures trading today as speculators indulged in created fresh positions amid pick up in demand in the spot market and a firm global trend.
At the Multi Commodity Exchange, lead for delivery in April moved up by 70 paise, or 0.55%, to Rs 127.85 per kg in a business turnover of 172 lots.
Similarly, the metal for delivery in May edged up by 65 paise, or 0.51%, to Rs 128.50 per kg in 2 lots.
Market analysts said apart from rising demand from battery-makers, gains in copper and other base metals in overseas market as China stepped up stimulus, boosting the demand outlook in the biggest consumer, mainly led to the rise in lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in April moved up by 70 paise, or 0.55%, to Rs 127.85 per kg in a business turnover of 172 lots.
Similarly, the metal for delivery in May edged up by 65 paise, or 0.51%, to Rs 128.50 per kg in 2 lots.
Market analysts said apart from rising demand from battery-makers, gains in copper and other base metals in overseas market as China stepped up stimulus, boosting the demand outlook in the biggest consumer, mainly led to the rise in lead prices at futures trade.