Friday, March 14, 2025 | 06:31 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Lead gains on overseas trend, spot demand

Pick-up in spot demand from battery-makers also helped lead to trade higher at futures trade

Image

Press Trust of India New Delhi

Tracking a recovery in base metals in the overseas market, lead futures prices today edged up by 0.17% to Rs 120.55 per kg after speculators enlarged positions.

Pick-up in spot demand from battery-makers also helped lead to trade higher at futures trade.

At the Multi Commodity Exchange, the September contract traded 20 paise, or 0.17%, higher at Rs 120.55 per kg, with a turnover of 932 lots.

The October contract also rose by a similar margin to Rs 120.60 per kg, with a business volume of 260 lots.

Marketmen said creation of fresh positions by speculators, driven by a firm trend in copper and other base metals overseas, influenced lead prices at futures trade here.

Further, rising demand from battery-makers also supported the upside in metal prices, they said.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 25 2012 | 1:38 PM IST

Explore News