Business Standard

Lead futures advance on spot demand

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Press Trust of India New Delhi

Lead prices on Monday traded higher by 65 paise to Rs 155.60 per kg in futures trade as participants built up fresh positions driven by pick-up in demand in spot market.

On the Multi Commodity Exchange, lead for delivery in November edged higher by 65 paise, or 0.42 per cent, to Rs 155.60 per kg in a business volume of 654 lots.

Lead contracts for December delivery traded up by 60 paise, or 0.39 per cent, to Rs 155.95 per kg in a business turnover of 23 lots.

Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers in physical market mainly helped lead prices to trade higher.

 

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First Published: Nov 18 2019 | 12:45 PM IST

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