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Lead futures rise on spot demand

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Press Trust of India New Delhi

Lead prices traded higher by 0.16% to Rs 121.45 per kg in futures trade today on increased demand from battery makers in the spot market.

At the Multi Commodity Exchange, lead for August delivery traded higher by 20 paise, or 0.16%, to Rs 121.45 per kg, with a business turnover of 261 lots.    

Similarly, the metal for July delivery inched up by 15 paise, or 0.12%, to Rs 120.70 per kg, with an open interest of 2,954 lots. Market analysts said increased demand from battery makers in the spot market mainly led to the rise in lead futures prices.

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First Published: Jul 14 2011 | 1:31 PM IST

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