 "Lead up by 0.8% on spot demand")
Lead futures strengthened by 0.83% to Rs 127.30 per kg today as speculators enlarged positions amid demand in the domestic spot market and a firming global trend.
In futures trading, lead for delivery in June was trading at Rs 1.05, or 0.83% higher at Rs 127.30 per kg, with a business turnover of five lots at Multi Commodity Exchange.
Also, metal for delivery in the current month gained 95 paise, or 0.76%, to Rs 126.20 per kg in a business volume of 277 lots.
Marketmen said that apart from domestic demand, particularly from battery-makers, gains in copper and other base metals in overseas market supported the upside in lead prices in futures trade.
In futures trading, lead for delivery in June was trading at Rs 1.05, or 0.83% higher at Rs 127.30 per kg, with a business turnover of five lots at Multi Commodity Exchange.
Also, metal for delivery in the current month gained 95 paise, or 0.76%, to Rs 126.20 per kg in a business volume of 277 lots.
Marketmen said that apart from domestic demand, particularly from battery-makers, gains in copper and other base metals in overseas market supported the upside in lead prices in futures trade.