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Lead up 0.2% on spot demand, global cues

Lead for delivery in July contracts moved up by 0.16%.

Press Trust of India New Delhi
Buoyed by a firm global trend and rising domestic demand, lead futures traded a shade higher at Rs 121.20 per kg today on buying by speculators.

At the Multi Commodity Exchange, lead for delivery in June traded higher by 25 paise, or 0.21%, to Rs 121.20 per kg in business turnover of 996 lots.

Similarly, lead for delivery in July contracts moved up by 20 paise, or 0.16%, to Rs 121.90 per kg in 65 lots.

Market analysts said apart from better demand in domestic spot market, firm global trend in base metals after better- than-expected US retail sales and jobs data boosted the outlook for demand, mainly influenced lead prices at futures trade.

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First Published: Jun 14 2013 | 11:33 AM IST

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