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Lead futures up 1.21% on overseas cues, spot demand

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Press Trust of India New Delhi
Last Updated : Jun 09 2016 | 12:13 PM IST
Amid a firming trend in base metals at the London Metal Exchange (LME) and at the domestic spot market, lead rose 1.21 per cent to Rs 117.30 per kg in futures trade today as speculators built up positions.
At the Multi Commodity Exchange, lead for delivery in current month was up Rs 1.40 or 1.21 per cent at Rs 117.30 per kg in a business turnover of 389 lots.
Likewise, the metal for delivery in July traded up by Rs 1.40 paise or 1.20 per cent at Rs 118 per kg in 10 lots.
According to market analysts, rising demand from battery makers at the domestic spot markets and strength in base metals at the LME attributed the rise in lead futures.

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First Published: Jun 09 2016 | 12:13 PM IST

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