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Lead rises by 0.1% on spot demand

A firm global trend also influenced prices

Lead rises by 0.1% on spot demand

Press Trust of India New Delhi
Amid pick up in domestic demand and a firm global trend, lead prices traded marginally up by 0.14% to Rs 107.95 per kg in futures trade today.

At the Multi Commodity Exchange, lead for delivery in in December edged up by 15 paise, or 0.14% to Rs 107.95 per kg in a business turnover of 798 lots.

Similarly, the metal for delivery in far-month January next year was trading marginally higher by 5 paise, or 0.05% to Rs 108.60 per kg in 97 lots.

Analysts attributed the rise in lead futures to pick up in demand from battery-makers in the spot market and a firm global trend.
 
Meanwhile, lead added 0.5% at the London Metal Exchange.

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First Published: Dec 18 2015 | 1:48 PM IST

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