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Lead strengthens on global cues

Rising spot demand at domestic markets amid a firming trend overseas influenced prices

Press Trust of India New Delhi
Lead futures rose 0.34% to Rs 134.20 per kg as participants enlarged positions on rising spot demand at domestic markets amid a firming trend overseas.

At the Multi Commodity Exchange, lead for delivery in August traded higher by 45 paise, or 0.34%, to Rs 134.20 per kg, with a turnover of 84 lots.

The metal for delivery in September also rose by 35 paise, or 0.26%, to trade at Rs 135 per kg, in a business turnover of three lots.

Marketmen said better domestic demand, particularly from battery-makers and a firming trend in the base metals pack at the London Metal Exchange, led to rise in lead prices at futures trade here.

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First Published: Aug 18 2014 | 11:20 AM IST

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