Lead up 0.45% as demand picks up

Speculators enlarge positions on higher offtake in spot market

Press Trust of India New Delhi
Last Updated : Jan 24 2014 | 1:51 PM IST
Lead prices moved up by 0.45 per cent to Rs 133.50 per kg in futures trade today as speculators enlarged their positions, driven by pick up in spot market demand.
    
At the Multi Commodity Exchange, lead for delivery in January moved up by 60 paise, or 0.45 per cent to Rs 133.50 per kg in business turnover of 1029 lots.
    
February lead edged up by 45 paise, or 0.41 per cent to Rs 134.80 per kg in 64 lots.
    
Market analysts attributed the rise in lead futures to speculators enlarged their positions due to pick up in demand in the spot market.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 24 2014 | 1:49 PM IST

Next Story