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Lead futures edge up 0.26 pc on spot demand

Press Trust of India  |  New Delhi 

Lead prices were trading higher by 0.26 per cent to Rs 153 per kg in futures trading today as speculators built up fresh positions, driven by pick-up in demand in the spot market.

At the Multi Commodity Exchange, lead for delivery in April edged higher by 40 paise, or 0.26 per cent to Rs 153 per kg in a business turnover of 1,094 lots.

On similar lines, the for delivery in May was trading up by 35 paise, or 0.23 per cent, to Rs 153.60 per kg in 12 lots.

Market analysts said, fresh positions created by traders due to upsurge in demand by battery-makers in the physical markets, mainly helped lead prices to trade higher at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 13:05 IST