Lead up 0.3% on firm spot demand

Lead futures prices today gained 0.39% as speculators created positions on the back of rising demand at domestic spot markets

 

At the Multi Commodity Exchange, lead for delivery in October traded 50 paise, or 0.39%, higher at Rs 129.55 per kg, with a turnover of 1,156 lots.

 

The metal for delivery in November also up by 50 paise, or 0.38%, to trade at Rs 130.20 per kg, in a business turnover of 47 lots.

 

Marketmen said strong domestic demand from battery-makers mainly influenced lead prices at futures trade but weakness in copper and other base metals at the London Metal Exchange, limited the gains.