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Lead up 0.46% on spot demand

Rise in demand from battery-makers supports uptrend

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Press Trust of India New Delhi

Lead traded higher by 0.46% to Rs 121 per kg in futures trade today due to rise in demand from battery-makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in September traded higher by 55 paise, or 0.46%, to Rs 121 per kg, with a business turnover of 8,864 lots.

October lead edged up by 40 paise, or 0.33%, to Rs 121.05 per kg, with an open interest of 6,189 lots.

Marketmen attributed the rise in lead futures to pick up in demand from battery-makers in the spot market.

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First Published: Sep 28 2012 | 3:38 PM IST

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