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Rise in demand lifts lead futures by 0.44 pc

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Press Trust of India New Delhi
Last Updated : Sep 14 2018 | 11:25 AM IST

Lead prices rose 0.44 per cent to Rs 146.75 per kg in futures trading on Friday as speculators increased positions, tracking a firm trend at spot market on strong demand.

At the Multi Commodity Exchange, lead for delivery in September traded higher by 65 paise, or 0.44 per cent, to Rs 146.75 per kg in a business turnover of 252 lots.

Similarly, the metal for delivery in October inched higher by 60 paise, or 0.41 per cent, to Rs 147.85 per kg in 1 lot.

Analysts said widening of positions by participants on the back of surging demand from battery-makers in the physical market led to the rise in lead prices in futures trade.

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First Published: Sep 14 2018 | 11:25 AM IST

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