Lead futures advance 0.61% driven by spot demand
Rising demand from battery makers at spot markets and strength in base metals at the London Metal Exchange helped lead futures trade higher.
By PTI | Updated:
NEW DELHI: Amid a firming trend at the spot market on rising demand from battery makers, lead rose 0.61 per cent to Rs 115.95 per kg in futures trade today as speculators built up positions.
Furthermore, a firming trend in base metals overseas supported the upside in metal prices.
At the Multi Commodity Exchange, lead for delivery in far-month May was up 70 paise, or 0.61 per cent, at Rs 115.95 per kg, in a business turnover of 18 lots.
Likewise, the metal for delivery in April traded up by 65 paise, or 0.57 per cent, at Rs 115.05 per kg in 878 lots.
According to market analysts, rising demand from battery makers at spot markets and strength in base metals at the London Metal Exchange helped lead futures trade higher.
Furthermore, a firming trend in base metals overseas supported the upside in metal prices.
At the Multi Commodity Exchange, lead for delivery in far-month May was up 70 paise, or 0.61 per cent, at Rs 115.95 per kg, in a business turnover of 18 lots.
Likewise, the metal for delivery in April traded up by 65 paise, or 0.57 per cent, at Rs 115.05 per kg in 878 lots.
According to market analysts, rising demand from battery makers at spot markets and strength in base metals at the London Metal Exchange helped lead futures trade higher.
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