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Lead gains 0.25% on spot demand

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Press Trust of India New Delhi

In a range-bound trade, lead futures today edged up by Rs 0.25, or 0.25 per cent, to Rs 99.55 per kg supported by increased demand at spot markets.

At the Multi Commodity Exchange platform, lead for delivery in October contract traded Rs 0.25, or 0.25 per cent higher, to Rs 99.55 per kg, with a turnover of 80 lots, while the September-month contract remained flat at Rs 98.55 per kg, with a turnover of 1,498 lots.

Analysts said moderate rise in metal at futures market was mostly attributed to firm demand at spot markets but holiday on the London Metal Exchange, which determine the trend in base metals, capped gains.

 

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First Published: Aug 30 2010 | 12:49 PM IST

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