Business Standard

Lead up 0.6% on firm spot demand

A firming trend in the metal at the LME also helped prices

Press Trust of India New Delhi
Lead futures rose 0.59% to Rs 126.85 per kg today on strong spot demand amid a firming trend overseas.

At the Multi Commodity Exchange, lead for delivery in November traded higher by 75 paise, or 0.59%, to Rs 126.85 per kg, with a turnover of 265 lots.

The metal for delivery in December rose 70 paise, or 0.55%, to Rs 127.75 per kg in a turnover of 11 lots.

Traders said besides good demand from battery makers, a firming trend in the metal at the London Metal Exchange (LME) after China's unexpected cut in interest rates, spurred lead futures.

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First Published: Nov 24 2014 | 12:25 PM IST

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