Lead futures edge up by 0.07% on spot demand

Image
Press Trust of India New Delhi
Last Updated : Aug 04 2017 | 1:28 PM IST
Lead prices rose marginally by 0.07 per cent to Rs 150.20 per kg in futures market today as speculators built up fresh positions, driven by pick up in demand at the spot market.
At the Multi Commodity Exchange, lead for delivery in August traded higher by 10 paise, or 0.07 per cent, to Rs 150.20 per kg, in a business turnover of 229 lots.
In a similar fashion, the metal for delivery in September edged up by 5 paise, or 0.03 per cent, to Rs 150.15 per kg in 411 lots.
Market analysts said fresh positions created by participants following pick up in demand from battery-makers in the domestic spot markets, mainly led to the rise in lead prices at futures trade.

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: Aug 04 2017 | 1:28 PM IST

Next Story