 "Lead up by 1.5% on spot demand")
Lead futures rose 1.47% to Rs 120.95 per kg today on the back of strong demand in spot market and a firming trend overseas.
At the Multi Commodity Exchange, lead for delivery in March edged higher by Rs 1.75 or 1.47% at Rs 120.95 per kg with a turnover of 26 lots.
Also, the metal for delivery this month traded Rs 1.65, or 1.39% higher at Rs 120.25 per kg in 325 lots.
Marketmen said pick-up in domestic demand, particularly from battery-makers and a firming trend in base metal pack the London Metal Exchange (LME) amid optimism that demand will recover in China after the government signaled increased support for the economy through higher spending and new measures to boost bank lending.
Globally, at the LME, lead, used to make batteries, increased as much as 2.4%, the biggest daily gain since February 8, to $1,763.5 per tonne.
At the Multi Commodity Exchange, lead for delivery in March edged higher by Rs 1.75 or 1.47% at Rs 120.95 per kg with a turnover of 26 lots.
Read more from our special coverage on "LEAD"
Also, the metal for delivery this month traded Rs 1.65, or 1.39% higher at Rs 120.25 per kg in 325 lots.
Marketmen said pick-up in domestic demand, particularly from battery-makers and a firming trend in base metal pack the London Metal Exchange (LME) amid optimism that demand will recover in China after the government signaled increased support for the economy through higher spending and new measures to boost bank lending.
Globally, at the LME, lead, used to make batteries, increased as much as 2.4%, the biggest daily gain since February 8, to $1,763.5 per tonne.
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