Lead up 0.5% on overseas cues

Prices rose on rising spot demand

Press Trust of India New Delhi
Last Updated : May 02 2013 | 2:41 PM IST
Lead futures for June traded 50 paise, or 0.47% higher, at Rs 106.80 per kg in 238 lots.

At the Multi Commodity Exchange (MCX), the May contract rose by 40 paise, or 0.38%, to trade at Rs 105.85 per kg in 5,316 lots.

Prices rose on rising spot demand amid robust domestic demand from battery-makers.

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At the London Metal Exchange (LME), lead traded a shade higher at $1,980.75 per tonne.

Optimism that the European Central Bank will cut interest rates to a record low and after the Federal Reserve said it will keep buying bonds influenced lead futures trade here.

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First Published: May 02 2013 | 2:40 PM IST

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