Lead futures advance 0.64% driven by spot demand, global cues
At the Multi Commodity Exchange, lead for delivery in May was up 75 paise, or 0.64 per cent, at Rs 118.60 per kg, in a business turnover of 46 lots.
By PTI | Updated:
NEW DELHI: Amid a better trend at the spot market on rising demand from battery makers, lead rose 0.64 per cent to Rs 118.60 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 May was up 75 paise, or 0.64 per cent, at Rs 118.60 per kg, in a business turnover of 46 lots.
Likewise, the metal for delivery in April traded up by 65 paise, or 0.55 per cent, at Rs 118 per kg in 296 lots.
According to marketmen, rising demand from battery makers at domestic 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 May was up 75 paise, or 0.64 per cent, at Rs 118.60 per kg, in a business turnover of 46 lots.
Likewise, the metal for delivery in April traded up by 65 paise, or 0.55 per cent, at Rs 118 per kg in 296 lots.
According to marketmen, rising demand from battery makers at domestic spot markets and strength in base metals at the London Metal Exchange helped lead futures trade higher.
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