Lead up 0.7% on strong spot demand
Strong domestic demand from battery-makers supported the trade
)
Lead futures for March traded 80 paise, or 0.68% higher, at Rs 119 per kg in 2,099 lots.
At the Multi Commodity Exchange (MCx), the April contract also rose by 75 paise, or 0.67%, to Rs 119.75 per kg in 360 lots.
Strong domestic demand from battery-makers supported the trade.
Firm trend at the London Metal Exchange (LME) on projection of increased demand in China, world's biggest consumer of metals, supported the upside in lead futures prices.
At LME, lead gained 0.8% to $2,188 a tonne.
At the Multi Commodity Exchange (MCx), the April contract also rose by 75 paise, or 0.67%, to Rs 119.75 per kg in 360 lots.
Strong domestic demand from battery-makers supported the trade.
Firm trend at the London Metal Exchange (LME) on projection of increased demand in China, world's biggest consumer of metals, supported the upside in lead futures prices.
At LME, lead gained 0.8% to $2,188 a tonne.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 21 2013 | 2:05 PM IST