Lead edges higher on spot demand; global cues

Image
Press Trust of India New Delhi
Last Updated : Jan 11 2018 | 11:05 AM IST
Amid a firm trend in the base metals market overseas and pick up in domestic demand, lead futures today traded 0.28 per cent higher at Rs 163.85 per.
Lead for delivery in February contracts moved up by 45 paise, or 0.28 per cent, to Rs 163.85 per kg in a business turnover of 2 lots, at the Multi Commodity Exchange.
The metal for delivery in January was trading higher by 25 paise, or 0.15 per cent, at Rs 163.25 per kg in 261 lots.
Analysts said better demand from battery makers in the spot market and strength in base metals pack at the London Metal Exchange (LME), supported by weakness in the dollar, influenced prices.
At the LME, lead for three-month delivery traded at USD 2,553.50 per tonne.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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 11 2018 | 11:05 AM IST

Next Story