Business Standard

Lead up 0.4% on spot demand

Metal for delivery in March traded higher by 0.38%

Press Trust of India New Delhi
Lead prices moved up by 0.42% to Rs 132.20 per kg in futures market today due to pick up in demand from battery-makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in February edged up by 55 paise, or 0.42%, to Rs 132.20 per kg in business turnover of 539 lots.

Similarly, the metal for delivery in March traded higher by 50 paise, or 0.38%, to Rs 133.30 per kg in 13 lots.

Analysts said besides pick up in demand from battery-makers in the spot market and a firm trend in other base metal in overseas markets mainly led to rise in lead prices at futures trade.

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First Published: Feb 07 2014 | 12:46 PM IST

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