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Lead up by 0.8% on spot demand

Strong domestic demand from battery-makers mainly attributed rise in lead prices

Press Trust of India New Delhi
Lead futures prices today rose by 0.81% to Rs 130.35 on rising demand at domestic markets even as metal weakened overseas.
 
At the Multi Commodity Exchange, lead for delivery in August traded Rs 1.05, or 0.81% higher at Rs 130.35 per kg, with a turnover of 710 lots.
 
The metal for delivery in far-month November also rose by Re one, or 0.77%, to trade at Rs 130.75 per kg, in a business turnover of 66 lots.
 
Marketmen said strong domestic demand from battery-makers mainly attributed rise in lead futures but metal's weakness at the London Metal Exchange (LME) capped the gains.
 
 
Meanwhile, at the LME, lead slid 0.3% to $2,105 a tonne at the London Metal Exchange. 

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First Published: Aug 08 2013 | 11:38 AM IST

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