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This is an archive article published on September 12, 2012

Lead futures prices edge up on spot demand

Lead prices edged up by 0.34 per cent to Rs 117.15 per kg in futures trade today due to pick up in demand in the spot market.

Lead prices edged up by 0.34 per cent to Rs 117.15 per kg in futures trade today due to pick up in demand in the spot market.

Better trend in lead prices at the London Metal Exchange also supported the uptrend.

At the Multi Commodity Exchange,lead for delivery in September edged up by 60 paise,or 0.34 per cent,to Rs 117.15 per kg,with a business turnover of 7,696 lots.

Likewise,the metal for delivery in October traded higher by 35 paise,or 0.30 per cent,to Rs 117.55 per kg,with a business turnover of 743 lots.

Marketmen said pick up in demand from battery-makers in the spot market mainly helped lead prices to trade a shade higher at futures trade.

Meanwhile,lead gained 0.1 per cent to USD 2,130.25 a tonne on the London Metal Exchange.

 

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