Business Standard

Lead up by 0.2% on spot demand

However, weakness in base metals in yesterday's trade at the LME capped the gains

Press Trust of India New Delhi
Lead futures edged up by 0.18% to Rs 136.80 per kg after speculators created positions driven by strong demand from battery-makers at domestic spot markets.

However, weakness in base metals in yesterday's trade at the London Metal Exchange (LME) capped the gains.

At the Multi Commodity Exchange, lead for delivery in January traded 25 paise, or 0.18%, higher at Rs 136.80 per kg with a turnover of 190 lots.

The metal for delivery in February also rose by 20 paise, or 0.15%, to Rs 137.80 per kg with a turnover of 14 lots.

Marketmen said fresh positions created by speculators driven by strong domestic demand from battery-makers, mainly influenced lead futures prices.

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First Published: Jan 01 2014 | 11:30 AM IST

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