Business Standard

Lead futures up on global cues

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Press Trust of India New Delhi

Tracking gains in the base metals at the London Metal Exchange, lead prices moved marginally up by 0.27% to Rs 111.50 per kg in futures trading today.

At the Multi Commodity Exchange, lead for delivery in May rose by 40 paise, or 0.27% to Rs 111.50 per kg, with a business turnover of 580 lots.

June lead edged up by 30 paise, or 0.27% to Rs 111.80 per kg, with a business turnover of 79 lots.

Analysts said gains in copper and other base metals in overseas markets in tandem with better demand at the domestic spot markets helped lead futures to trade higher.

 

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First Published: May 24 2011 | 12:17 PM IST

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