Business Standard

Lead rises by 0.6% on spot demand

Speculators created fresh positions, driven by pick up in demand in the spot market

Press Trust of India New Delhi
Lead prices rose by 0.60% to Rs 126.75 per kg in futures trading today as speculators created fresh positions, driven by pick up in demand in the spot market.

At the Multi Commodity Exchange, lead for delivery in January next year moved up by 75 paise, or 0.60% to Rs 126.75 per kg in business turnover of 11 lots.

Likewise, the metal for delivery in December contract traded higher by 65 paise, or 0.52% to Rs 125.90 per kg in 734 lots.

Analysts attributed rise in lead futures to pick up in demand from battery-makers in the spot market.

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First Published: Dec 11 2014 | 12:35 PM IST

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