Business Standard

Lead marginally up in futures trade on spot demand

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Press Trust of India New Delhi

Lead traded higher by Rs 0.75 to Rs 81.65 per kg in futures trade today on firming trend at physical markets supported by a better trend at London Metal Exchange.

Increased offtake from car baggery makers further fulled the uptrend.

At the Multi Commodity Exchange, lead for delivery in June month contract gained Rs 0.75 or 0.93 per cent to Rs 81.65 per kg with a turnover of 114 lots.

The metal for delivery in July contract also traded higher by Rs 0.65, or 0.79 per cent to Rs 82.60 per kg with a business turnover of 1403 lots.
    
Marketmen said pick up in demand at spot markets and reports of better trend in its' prices at London Metal Exchange pushed up lead prices at futures market.
   
Meanwhile, lead gained 0.9 per cent to 1,775 dollar a metric tonne on the London Metal Exchange.

 

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First Published: Jun 16 2010 | 1:52 PM IST

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