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Lead gains 0.76% on firm overseas trend

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Press Trust of India New Delhi

Lead futures rose by 0.76% to Rs 105.65 per kg in range-bound trade early today, taking cues from a firming trend overseas.

At the Multi Commodity Exchange, lead for December delivery gained 80 paise, or 0.76%, to Rs 105.650 per kg, with an open interest for 600 lots.

The January contract rose by 75 paise, or 0.71%, to Rs 106.75 per kg, with a trading volume of 66 lots.

Market analysts said a pick-up in demand from battery-makers and gains registered by the metal on the London Metal Exchange (LME) in the wake of better-than-expected US jobs data mainly influenced lead prices in futures trade here.

 

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First Published: Dec 23 2011 | 12:36 PM IST

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