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Lead up by 0.3% on overseas trend

A firming trend in base metals in the global markets influenced the prices of lead

Press Trust of India New Delhi
Lead futures prices today gained 0.29% to trade at Rs 121.15 per kg largely in line with a firming trend in base metals in the global markets.
 
At the Multi Commodity Exchange, lead for delivery in July traded 35 paise, or 0.29%, higher at Rs 121.15 per kg, with a turnover of 985 lots, while delivery in August rose by 30 paise, or 0.25%, at Rs 122.10 per kg in a turnover of 56 lots.
 
Globally, lead climbed 0.8% to $2,050 a tonne at the London Metal Exchange (LME).
 
Marketmen said a firming trend in base metals at the LME after China moved toward market-set lending rates and the dollar fell against most major peers, influenced lead prices at futures trade here. 
 

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First Published: Jul 22 2013 | 12:53 PM IST

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