 "Lead up 0.8% on spot demand, global cues")
Lead prices edged higher by 0.81% to Rs 123.70 per kg in futures trade today as traders enlarged positions due to pick up in demand in the spot market amid a firm global trend.
At the Multi Commodity Exchange, lead for delivery in August edged up by Re 1 or 0.81% to Rs 123.70 per kg in business turnover of 181 lots.
Likewise, the metal for delivery in September traded higher by 95 paise or 0.77% to Rs 124.50 per kg in 4 lots.
Analysts said apart from a firm global trend, pick-up in domestic demand, mainly from battery-makers, attributed the rise in lead futures here.
At the Multi Commodity Exchange, lead for delivery in August edged up by Re 1 or 0.81% to Rs 123.70 per kg in business turnover of 181 lots.
Likewise, the metal for delivery in September traded higher by 95 paise or 0.77% to Rs 124.50 per kg in 4 lots.
Analysts said apart from a firm global trend, pick-up in domestic demand, mainly from battery-makers, attributed the rise in lead futures here.
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