Lead up by 2% on strong spot demand

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

Lead futures prices today rose by 1.96% to Rs 137.80 per kg as speculators created positions amid a firming trend at the London Metal Exchange and rising demand at domestic spot markets.

 

At the Multi Commodity Exchange, lead for delivery in September traded Rs 2.65, or 1.96%, higher at Rs 137.80 per kg, with a turnover of 127 lots.

 

The metal for delivery in August also rose by Rs 2.55, or 1.89%, to trade at Rs 137.55 per kg, in a business turnover of 956 lots.

 

Marketmen said besides strong domestic demand from battery-makers, a firm trend in metal at the London Metal Exchange on the back of strong US data influenced lead prices at futures trade here.