Follow Us:
Saturday, July 21, 2018

Lead futures gain on overseas trend,spot demand

Lead futures prices today edged up by 0.17 per cent to Rs 120.55 per kg.

Written by Agencies | New Delhi | Published: September 25, 2012 1:59:31 pm

Tracking a recovery in base metals in the overseas market,lead futures prices today edged up by 0.17 per cent to Rs 120.55 per kg after speculators enlarged positions.

Pick-up in spot demand from battery-makers also helped lead to trade higher at futures trade.

At the Multi Commodity Exchange,lead for delivery in September traded 20 paise,or 0.17 per cent,higher at Rs 120.55 per kg,with a turnover of 932 lots.

The metal for delivery in October also rose by a similar margin to Rs 120.60 per kg,with a business volume of 260 lots.

Marketmen said creation of fresh positions by speculators,driven by a firm trend in copper and other base metals overseas,influenced lead prices at futures trade here. Further,rising demand from battery- akers also supported the upside in metal prices,they said.

For all the latest Business News, download Indian Express App