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Lead futures up on spot demand

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Press Trust of India New Delhi
Supported by strong demand in the spot market, lead futures prices today rose 0.41 per cent to Rs 134.05 per kg.

At the Multi Commodity Exchange, lead for delivery in March traded 55 paise, or 0.41 per cent higher at Rs 134.05 per kg, with a turnover of three lots.

The metal for delivery in February also rose by 50 paise, or 0.38 per cent to Rs 132.95 per kg in a turnover of 304 lots.

Marketmen said strong domestic demand, particularly from battery-makers and a firming trend in base metals overseas, mainly influenced lead prices at futures trade here.

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First Published: Feb 18 2014 | 11:27 AM IST

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