 "Lead up 0.2% on spot demand, global cues")
Lead futures prices today rose 0.20 per cent to Rs 126.05 per kg on rising spot demand and a firming at the London Metal Exchange (LME).
At the Multi Commodity Exchange, lead for delivery in May traded 25 paise, or 0.20 per cent higher at Rs 126.05 per kg, with a turnover of 25 lots.
The April contract rose by 10 paise, or 0.08 per cent to trade at Rs 124.90 per kg in a turnover of 185 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals at the LME on speculation that stronger US growth forecast by the IMF would boost demand for the metals, influenced lead futures prices.
At the Multi Commodity Exchange, lead for delivery in May traded 25 paise, or 0.20 per cent higher at Rs 126.05 per kg, with a turnover of 25 lots.
The April contract rose by 10 paise, or 0.08 per cent to trade at Rs 124.90 per kg in a turnover of 185 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals at the LME on speculation that stronger US growth forecast by the IMF would boost demand for the metals, influenced lead futures prices.
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