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Lead tads higher on spot demand

Firm global trend in base metals supported lead prices here

Press Trust of India New Delhi
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 (MCX), the May contract traded higher by 50 paise, or 0.40%, to Rs 123.50 per kg in 3,652 lots.

The 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 (LME).
 

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First Published: May 31 2013 | 2:27 PM IST

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