 "Lead up 1% on global cues, spot demand")
Taking positive cues from the global market, lead futures prices today rose by 1% to Rs 111 per kg as speculators enlarged positions.
Rising domestic spot demand from battery-makers also supported the upside.
At the Multi Commodity Exchange, lead for delivery in February traded Rs 1.10, or 1%, higher at Rs 111 per kg, with a turnover of 10 lots, while delivery in January month contracts up by Rs 1.05, or 0.97%, to Rs 109.85 per kg in a turnover of 422 lots.
Marketmen said a rebound copper and other base metals at the London Metal Exchange after yesterday's rout and rising demand from domestic batter-makers, influenced lead prices at futures trade here.
Rising domestic spot demand from battery-makers also supported the upside.
At the Multi Commodity Exchange, lead for delivery in February traded Rs 1.10, or 1%, higher at Rs 111 per kg, with a turnover of 10 lots, while delivery in January month contracts up by Rs 1.05, or 0.97%, to Rs 109.85 per kg in a turnover of 422 lots.
Marketmen said a rebound copper and other base metals at the London Metal Exchange after yesterday's rout and rising demand from domestic batter-makers, influenced lead prices at futures trade here.
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