Lead up by 0.5% on base metal gains
Participants enlarged their positions, driven by pick-up in spot market demand and gains in base metals overseas
 "Lead up by 0.5% on base metal gains")
Lead prices moved up by 0.54% to Rs 112.50 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 Multi Commodity Exchange, lead for delivery in October moved up by 60 paise, or 0.54%, to Rs 112.50 per kg in a business turnover of 30 lots.
Likewise, the metal for delivery in September edged up by 50 paise, or 0.45%, to Rs 111.40 per kg in 381 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 base metals overseas influenced metal prices.
At Multi Commodity Exchange, lead for delivery in October moved up by 60 paise, or 0.54%, to Rs 112.50 per kg in a business turnover of 30 lots.
Likewise, the metal for delivery in September edged up by 50 paise, or 0.45%, to Rs 111.40 per kg in 381 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 base metals overseas influenced metal prices.
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First Published: Sep 15 2015 | 11:42 AM IST