Business Standard

Lead rises 0.28 pc on spot demand

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Press Trust of India New Delhi
Lead futures traded higher by 0.28 per cent to Rs 141.25 per kg in futures trade today as participants built up fresh positions amid pick up in domestic demand.

Lead for delivery in the current month was trading higher by 40 paise, or 0.28 per cent to Rs 141.25 per kg in 30 lots at the Multi Commodity Exchange.

The metal for delivery in June also rose by a similar margin to trade at Rs 141.55 per kg in a business volume of 3 lots.

Analysts attributed the rise in lead futures to pick up in demand from battery-makers at the spot market. However, weakness in select base metals in global market limited the rise.

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First Published: May 04 2017 | 11:48 AM IST

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