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Lead futures up 1.49% on global cues

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Press Trust of India New Delhi

Lead futures prices traded higher by Rs 2.40, or 1.49 per cent, to Rs 109.05 per kg today on pick up in demand at spot markets amid a firming global trend.

At the Multi Commodity Exchange counter, lead delivery for November rose Rs 2.40, or 1.49 per cent, to Rs 109.05 per kg, with a business volume of four lots.

Similarly, the metal for delivery in October moved up by Rs 1.45, or 1.36 per cent, to Rs 108.15 per kg, with a business turnover of 15 lots.

Analysts said firming trend in base metals overseas and pick-up in demand from car battery makers, led to a rise in lead futures prices.

Meanwhile, lead gained 0.6 per cent to $2,450 a metric tonne on the London Metal Exchange, the highest level since January 2010.

 

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First Published: Oct 14 2010 | 3:41 PM IST

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