Lead remains up in futures trade, up 0.15%

Taking cues from a firm trend in base metals overseas, lead futures today edged up by Rs 0.15, or 0.15 per cent, to Rs 99.55 per kg.

Besides, rising demand from battery makers and other consuming industries at physical markets, supported the rise in lead futures prices.

At the Multi Commodity Exchange platform, lead for delivery in September contract traded Rs 0.15, or 0.15 per cent higher, to Rs 99.55 per kg, with a turnover of 3,443 lots.

Similarly, the October contract gained Rs 0.05, or 0.05 per cent, to Rs 100.40 per kg, with a turnover of 230 lots.

 

Marketmen said firming trend in copper and other base metals in global markets after the US manufacturing grew at faster pace than estimated and rising doemstic demand, helped lead to trade higher in futures trade.