Business Standard

Lead up 0.7% on spot demand, global cues

Metal for delivery in October gained 0.63%

Press Trust of India New Delhi
Supported by demand in the domestic spot market and a firming global trend, lead futures prices today rose marginally to Rs 127.80 per kg.

At the Multi Commodity Exchange, lead for delivery in November traded 90 paise, or 0.71%, higher to Rs 127.80 per kg, with a turnover of 15 lots.

The metal for delivery in October gained 80 paise, or 0.63%, to Rs 126.80 per kg in a business volume of 434 lots.

Marketmen said apart from domestic demand, particularly from battery-makers, strength in copper and other base metals mainly influenced lead prices at futures trade.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 07 2013 | 12:32 PM IST

Explore News