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Lead up 0.5% on strong spot demand

Positive global markets cues supported the lead trade

Press Trust of India New Delhi
Lead futures prices today rose by 0.45% on rising demand at domestic spot markets and positive cues from global markets.

At the Multi Commodity Exchange (MCX), the June contract traded 55 paise, or 0.45%, higher at Rs 122.45 per kg in 575 lots.

The July contract went up by 40 paise, or 0.33%, to trade at Rs 123.05 per kg in 22 lots.

Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals at the London Metal Exchange (LME) after an increase in manufacturing last month signalled an economic revival in the US, may boost demand for the metals, influenced lead prices at futures trade here.
 

At the LME, lead gained 1.1% to $2,109 per tonne.

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First Published: Jun 17 2013 | 1:59 PM IST

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