Lead futures tad higher on spot demand, global cues
Lead for delivery in June contract edged up by 10 paise, or 0.08%, to Rs 123 per kg in 2,764 lots.
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Buoyed by a firm global trend and better domestic demand, lead futures traded higher by 0.40% to Rs 123.50 per kg today on buying by speculators.
At the Multi Commodity Exchange, lead for delivery in May traded higher by 50 paise, or 0.40%, to Rs 123.50 per kg in business turnover of 3,652 lots.
Similarly, lead for delivery in June contract edged up by 10 paise, or 0.08%, to Rs 123 per kg in 2,764 lots.
Market analysts said besides better demand in spot market, firm global trend in base metals mainly helped lead prices to trade marginally higher at futures trade.
Meanwhile, lead advanced 2.2% to $2,172 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, lead for delivery in May traded higher by 50 paise, or 0.40%, to Rs 123.50 per kg in business turnover of 3,652 lots.
Similarly, lead for delivery in June contract edged up by 10 paise, or 0.08%, to Rs 123 per kg in 2,764 lots.
Market analysts said besides better demand in spot market, firm global trend in base metals mainly helped lead prices to trade marginally higher at futures trade.
Meanwhile, lead advanced 2.2% to $2,172 a tonne on the London Metal Exchange.
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First Published: May 31 2013 | 1:42 PM IST