Business Standard

Lead recovers marginally in futures trade

Image

Press Trust of India New Delhi

Lead traded higher by Rs 0.75 or 0.90 per cent to Rs 80.65 per kg in futures trade today on firming trend at physical markets amid recovery at global markets.

At the Multi Commodity Exchange, lead for delivery in June contract gained Rs 0.75 or 0.90 per cent to Rs 80.7 per kg, with a turnover of 2,142 lots.

The metal for delivery in July contract also moved up by Rs 0.70, or 0.85 per cent to Rs 81.80 per kg, with a business turnover of 154 lots.

Marketmen said, pick up in demand at spot markets helped lead futures to trade higher and better demand in select base metals pack, overseas after positive US home sales and auto numbers pushed up lead prices at futures market.

 

 

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

First Published: Jun 03 2010 | 1:39 PM IST

Explore News