Lead up by 0.3% on firm spot demand

Strong domestic demand from battery-makers influenced the prices of lead

Lead futures prices today gained 0.25%, to Rs 122.50 on rising demand at domestic spot markets amid a firming trend in the global markets.

 

At the Multi Commodity Exchange, lead for delivery in August traded 30 paise, or 0.25%, higher at Rs 122.50 per kg, with a turnover of 345 lots.

 

The metal for delivery in July also up by 10 paise, or 0.10%, to trade at Rs 121.60 per kg, in a business turnover of 1,289 lots.

 

Globally, lead gained 0.20% to $2,054 per tonne at the London Metal Exchange (LME).

 

Marketmen said besides strong domestic demand from battery-makers, a firm trend overseas, helped lead futures to trade a shade higher.