Lead futures up 0.55% on spot demand
Lead prices rose 0.55 per cent to Rs 136.50 per kg in futures trade Monday due to pick-up in demand from consuming industries at spot markets.
At the Multi Commodity Exchange, lead for delivery in May contracts was trading up by 75 paise, or 0.55 per cent, to Rs 136.50 per kg in a business turnover of 808 lots.
On similar lines, the metal for delivery in April was trading higher by 70 paise, or 0.52 per cent, at Rs 134.95 per kg in a business turnover of 906 lots.
Market analysts said, fresh positions created by traders amid upsurge in demand from battery-makers in the spot market mainly led to rise in lead prices here.
Disclaimer: No Business Standard Journalist was involved in creation of this content