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Lead futures up on spot demand, global cues

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Press Trust of India New Delhi
Last Updated : May 28 2014 | 11:15 AM IST
Buoyed by a firm global trend and firm domestic demand, lead futures rose by 0.36 per cent to Rs 125.40 per kg today as traders enlarged positions.
At the Multi Commodity Exchange, lead for delivery in May traded higher by 45 paise, or 0.36 per cent, to Rs 125.40 per kg in a business turnover of 156 lots.
Similarly, the metal for delivery in June gained 40 paise, or 0.32 per cent, to Rs 12.55 per kg in 11 lots.
Analysts said besides better demand from battery-makers in spot market, firm global trend in copper and other base metals on speculation that the government will move to stoke the economy in China, the world's biggest metals consumer, mainly helped lead prices to trade higher at futures trade.

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First Published: May 28 2014 | 11:15 AM IST

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