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This is an archive article published on July 12, 2011

Lead futures trade higher on fresh demand

Lead traded marginally higher by 0.05 per cent to Rs 118.95 per kg in futures trade on Tuesday.

Lead traded marginally higher by 0.05 per cent to Rs 118.95 per kg in futures trade on Tuesday on fresh demand from battery-makers.

At the Multi Commodity Exchange,lead for delivery in July traded higher by 10 paise,or 0.05 per cent,to Rs 118.95 per kg,with a business turnover of 605 lots.

Likewise,the metal for delivery in August edged up by 5 paise,or 0.04 per cent,to Rs 119.55 per kg,with a trade turnover of 40 lots.

Traders said a firming trend at the spot markets on the back of good demand from battery-makers mainly pushed up lead futures prices in New Delhi.

Meanwhile,lead was trading flat at USD 2,676 a tonne on the London Metal Exchange.

 

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