 "Lead up 0.3% on global cues, spot demand")
Taking positive cues from the global market and rising demand at domestic spot market, lead futures prices today rose 0.32% to Rs 126.20 per kg as speculators enlarged positions mostly.
At the Multi Commodity Exchange, lead for delivery in September traded 40 paise, or 0.32%, higher at Rs 126.20 per kg, with a turnover of 410 lots, while delivery in October month contracts up by 20 paise, or 0.16%, to Rs 127.25 per kg in a turnover of 46 lots.
Marketmen said the rise in lead futures was mostly supported by rising demand from battery-makers in the domestic spot markets and firming trend in industrial metals at the London Metal Exchange.
At the Multi Commodity Exchange, lead for delivery in September traded 40 paise, or 0.32%, higher at Rs 126.20 per kg, with a turnover of 410 lots, while delivery in October month contracts up by 20 paise, or 0.16%, to Rs 127.25 per kg in a turnover of 46 lots.
Marketmen said the rise in lead futures was mostly supported by rising demand from battery-makers in the domestic spot markets and firming trend in industrial metals at the London Metal Exchange.