Lead futures firm up 0.14 pc on spot demand, overseas trend

Lead futures strengthened by 0.14 per cent to Rs 140.80 per kg today as speculators built up bets on rising demand in the domestic spot market and a firming trend overseas.
At Multi Commodity Exchange, lead for delivery this month was trading higher by 20 paise, or 0.14 per cent, at Rs 140.80 per kg, with a turnover of 122 lots.
Metal for delivery in February also edged higher by 10 paise, or 0.07 per cent, to trade at Rs 141.30 per kg, in a business volume of three lots.
Marketmen said, apart from pick-up in domestic demand, particularly from battery-makers, gains in base metals globally supported the upside in lead futures here.