Lead edges up 0.34% on spot demand

Global cues support uptrend

Lead prices edged up by 0.34% to Rs 117.15 per kg in futures trade today due to pick up in demand in the spot market.

Better trend in lead prices at the London Metal Exchange supported the uptrend.

At the Multi Commodity Exchange, lead for delivery in September edged up by 60 paise, or 0.34%, to Rs 117.15 per kg, with a business turnover of 7,696 lots.

October lead traded higher by 35 paise, or 0.30%, to Rs 117.55 per kg, with a business turnover of 743 lots.

Marketmen said pick up in demand from battery-makers in the spot market helped lead prices to trade a shade higher at futures trade.

 

Meanwhile, lead gained 0.1% to $2,130.25 a tonne on the London Metal Exchange.