Lead futures strengthened 0.44 per cent to Rs 149.70 per kg today as speculators built up bets on rising demand in the domestic spot market. At the Multi Commodity Exchange, lead for delivery in August was trading higher by 65 paise, or 0.44 per cent, at Rs 149.70 per kg, with a turnover of six lots. The metal for delivery in current month edged higher by 45 paise, or 0.30 per cent, to Rs 148.65 per kg, in a business volume of 930 lots. Marketmen said that apart from pick up in domestic demand mainly from battery-makers, covering-up of short positions, supported the upside in lead futures.
Lead futures firm up 0.44% on spot demand
Press Trust of India |