 "Lead up by 0.4% on spot demand")
Lead futures strengthened by 0.37% to Rs 109.30 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 40 paise, or 0.37%, at Rs 109.30 per kg, with a turnover of 245 lots.
Metal for delivery in February also edged higher by a similar margin to trade at Rs 109.75 per kg, in a business volume of two lots.
Marketmen said that apart from pick-up in domestic demand, particularly from battery-makers, gains in base metals at the London Metal Exchange supported the upside in lead futures here.
At Multi Commodity Exchange, lead for delivery this month was trading higher by 40 paise, or 0.37%, at Rs 109.30 per kg, with a turnover of 245 lots.
Metal for delivery in February also edged higher by a similar margin to trade at Rs 109.75 per kg, in a business volume of two lots.
Marketmen said that apart from pick-up in domestic demand, particularly from battery-makers, gains in base metals at the London Metal Exchange supported the upside in lead futures here.