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Lead up 0.6% on strong spot demand

Strong domestic demand from battery-makers influenced lead futures

Press Trust of India New Delhi
Lead futures for May traded 65 paise, or 0.59%, higher at Rs 110.70 per kg in 308 lots.     

At the Multi Commodity Exchange (MCX), the April contract rose by 60 paise, or 0.55%, to trade at Rs 109.65 per kg in 4,558 lots.

Prices rose on rising spot demand.

Strong domestic demand from battery-makers also influenced lead futures.

Further, metal's strength at the London Metal Exchange (LME) helped lead to trade higher.     

On LME, lead gained 0.9% to $2,038 per tonne.

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First Published: Apr 22 2013 | 2:27 PM IST

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