Lead up in futures trade, rises 0.64%

Lead remained firm and prices rose by 0.64 per cent, or 65 paise, to Rs 101.95 per kg in futures trade today after speculators created fresh positions, driven by firming trend in global markets.

At the Multi Commodity Exchange platform, the October contract of lead traded 65 paise, or 0.64 per cent higher, to Rs 101.95 per kg, with a turnover of 107 lots.

The metal for delivery in current-month September also gained 60 paise, or 0.60 per cent, to Rs 100.95 per kg, with a turnover of 1,331 lots. 

Analysts said firming trend in the entire base metals in global markets after the US Federal Reserve said it was willing to ease monetary policy further to boost the economy, raised hopes of pick up in demand, and influenced lead prices at futures market here.    

 

Besides, strong demand at the spot markets also influenced the lead futures prices, they said.