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Spot demand lifts lead futures 0.76%

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Press Trust of India New Delhi

Lead prices moved up by 0.76 per cent to Rs 145.70 per kg in futures market Friday as traders built up fresh positions after upsurge in demand at the spot markets.

At the Multi Commodity Exchange, lead for delivery in September went up by Rs 1.10, or 0.76 per cent sto Rs 145.70 per kg in business turnover of 398 lots.

On similar lines, the metal for delivery in October gained Rs 1.05, or 0.72 per cent to Rs 146.80 per kg in 237 lots.

Analysts said fresh positions created by participants after pick up in demand from battery-makers in the physical market mainly led to the rise in lead prices at futures trade.

 

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First Published: Sep 28 2018 | 11:25 AM IST

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