Lead up by 0.2% on base metal gains
Pick-up in spot market demand also helped prices
 "Lead up by 0.2% on base metal gains")
Lead prices moved up by 0.24% to Rs 125.10 per kg in futures trade today as participants enlarged their positions, driven by pick-up in spot market demand and gains in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in August moved up by 30 paise, or 0.24%, to Rs 125.10 per kg, in a business turnover of 11 lots.
Likewise, the metal for delivery in July edged up by 25 paise, or 0.20%, to Rs 124.30 per kg in 707 lots.
Market analysts attributed the rise in lead futures to speculators enlarging their positions following pick-up in demand from battery-makers in the spot market.
Besides, a firming trend in select base metals overseas influenced metal prices.
At the Multi Commodity Exchange, lead for delivery in August moved up by 30 paise, or 0.24%, to Rs 125.10 per kg, in a business turnover of 11 lots.
Likewise, the metal for delivery in July edged up by 25 paise, or 0.20%, to Rs 124.30 per kg in 707 lots.
Market analysts attributed the rise in lead futures to speculators enlarging their positions following pick-up in demand from battery-makers in the spot market.
Besides, a firming trend in select base metals overseas influenced metal prices.
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First Published: Jul 07 2016 | 11:32 AM IST