Business Standard

Lead up 0.3% on rising demand, global cues

Metal for delivery in April rose by 0.23%

Press Trust of India New Delhi
Lead futures were up 0.31% at Rs 130.35 per kg as participants enlarged position on rising spot demand at domestic markets amid a firming trend overseas.

At the Multi Commodity Exchange, lead for delivery in March traded 40 paise, or 0.31%, higher at Rs 130.35 per kg, with a turnover of 471 lots.

The metal for delivery in April also rose by 30 paise, or 0.23%, to trade at Rs 131.45 per kg, in a business turnover of 3 lots.

Marketmen said apart from strong domestic demand, particularly from battery-makers, a firming trend in select base metals at the London Metal Exchange, influenced lead prices at futures trade here.

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First Published: Mar 07 2014 | 12:42 PM IST

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