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Lead remains firm in futures trade, up 0.59%

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Press Trust of India New Delhi

Lead, mostly used by battery makers, remained firm in futures trade today, supported by strong demand in the physical markets and gained 0.59 per cent to Rs 103.05 per kg.

At the Multi Commodity Exchange platform, the September contract of lead traded 60 paise, or 0.59 per cent higher, at Rs 103.05 per kg, with a turnover of 1,649 lots.

Likewise, the metal for delivery in October and November contracts gained 60 paise, or 0.58 per cent each, to trade higher at Rs 103.80 and Rs 104.75 per kg, respectively, with a turnover of 169 and 3 lots.

Analysts attributed the persistent rise in lead prices to firming trend at spot markets on strong demand but weak trend in global markets, restricted gains.

 

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First Published: Sep 24 2010 | 1:25 PM IST

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