Business Standard

Lead up 0.3% on spot demand, global cues

Metal for delivery in August edged up by 0.27%

Press Trust of India New Delhi
Lead rose by 0.31% to Rs 130.95 per kg in futures trade today on the back of pick up in demand in the spot market amid a firm global trend.

At the Multi Commodity Exchange, lead for delivery in September traded higher by 40 paise, or 0.31% to Rs 130.95 per kg in business turnover of 183 lots.

Similarly, the metal for delivery in August edged up by 35 paise, or 0.27% to Rs 130.60 per kg in 1833 lots.

Market analysts said besides pick up in demand in the spot market, metal's gain in the global market mainly helped lead prices to trade higher at futures trade.
 
Meanwhile, lead gained 0.05% to $2,122 a tonne on the London Metal Exchange.

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First Published: Aug 06 2013 | 12:55 PM IST

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