 "Lead up 1.5% on strong spot demand")
Lead futures today rose by 1.57% to Rs 148.95 per kg as speculators created positions, triggered by rising demand at domestic spot markets.
At the Multi Commodity Exchange, lead for delivery in August traded Rs 2.30, or 1.57%, higher at Rs 148.95 per kg, with a turnover of 2,261 lots.
Lead for delivery in September also rose by Rs 1.55, or 1.40%, to trade at Rs 148.80 per kg, in a business turnover of 924 lots.
Marketmen said besides strong domestic demand from battery-makers, covering up of short positions by speculators in view of approaching settlement influenced lead prices at futures trade here, but weak trend overseas limited the gains.
At the Multi Commodity Exchange, lead for delivery in August traded Rs 2.30, or 1.57%, higher at Rs 148.95 per kg, with a turnover of 2,261 lots.
Lead for delivery in September also rose by Rs 1.55, or 1.40%, to trade at Rs 148.80 per kg, in a business turnover of 924 lots.
Marketmen said besides strong domestic demand from battery-makers, covering up of short positions by speculators in view of approaching settlement influenced lead prices at futures trade here, but weak trend overseas limited the gains.
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