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Lead futures up on positive overseas cues; spot demand

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Press Trust of India New Delhi
Last Updated : Aug 20 2015 | 11:57 AM IST
Taking positive cues from global market and rising demand at spot markets, lead prices were up 0.27 per cent in futures trade today.
Lead for delivery in current month traded higher by 30 paise, or 0.27 per cent, at Rs 112 per kg, with a turnover of 377 lots in futures trading at the Multi Commodity Exchange.
Metal for delivery in September contracts rose by a similar margin to trade at Rs 112 per kg, in business turnover of 15 lots.
Analysts said besides strong domestic demand from battery makers, rebound in copper and other base metals at the London Metal Exchange as weaker-than-expected inflation figures from the US trimmed bets on a September interest rate increase and the dollar weakened, influenced lead prices at futures trade here.

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First Published: Aug 20 2015 | 11:57 AM IST

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