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Lead up 0.4% on spot demand, overseas trends

Metal for delivery in December rose by 0.44%

Press Trust of India New Delhi
Amid rising demand from domestic industries and a firming trends overseas, lead futures prices rose 0.48% to Rs 135.50 per kg today as speculators created some positions.

At the Multi Commodity Exchange, lead for delivery in November traded 65 paise, or 0.48%, higher at Rs 135.50 per kg, with a turnover of 563 lots.

The metal for delivery in December also rose by 60 paise, or 0.44%, to trade at Rs 136.40 per kg, with a turnover of 12 lots.

Marketmen said besides domestic demand from battery-makers, an encouraging trend in base metals overseas as China's manufacturing expanded more than estimated in October, boosting the demand outlook for the industrial metals in the world's biggest user, helped lead to trade higher at futures trade.
 

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First Published: Nov 01 2013 | 1:26 PM IST

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