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Lead futures up on strong spot demand, overseas cues

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Press Trust of India New Delhi
Last Updated : Jan 16 2014 | 11:00 AM IST
Lead futures prices today rose marginally to Rs 136 per kg on rising spot demand and positive cues from global markets.
At the Multi Commodity Exchange, lead for delivery in January traded 25 paise, or 0.18 per cent higher at Rs 136 per kg, with a turnover of 597 lots.
The metal for delivery in February also rose by 15 paise, or 0.11 per cent to trade at Rs 137 per kg, in a business turnover of 14 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in the base metals pack at the London Metal Exchange on speculation that an improving global economy will increase demand, influenced lead prices at futures trade here.

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First Published: Jan 16 2014 | 11:00 AM IST

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