 "Lead up 0.6% on spot demand, overseas cues")
Lead futures prices today rose by 0.60% to Rs 143.15 per kg as speculators created positions amid a firming trend in Asian trade on speculation that the US Federal Reserve may hold off on curbing stimulus measures in September and rising demand at domestic spot markets.
At the Multi Commodity Exchange, lead for delivery in August traded 85 paise, or 0.60%, higher at Rs 143.15 per kg, with a turnover of 498 lots.
Lead for delivery in September also rose by 75 paise, or 0.53%, to trade at Rs 143.20 per kg, in a business turnover of 69 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals on the Shanghai Futures Exchange on speculation that the Federal Reserve may hold off on curbing US stimulus in September as new homes sales in July slumped.
At the Multi Commodity Exchange, lead for delivery in August traded 85 paise, or 0.60%, higher at Rs 143.15 per kg, with a turnover of 498 lots.
Lead for delivery in September also rose by 75 paise, or 0.53%, to trade at Rs 143.20 per kg, in a business turnover of 69 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals on the Shanghai Futures Exchange on speculation that the Federal Reserve may hold off on curbing US stimulus in September as new homes sales in July slumped.
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