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Lead futures gain 0.20% on positive spot cues

Press Trust of India  |  New Delhi 

Lead prices rose 0.20 per cent to Rs 149.50 per kg in futures Monday as participants created fresh positions, taking positive cues from spot on uptick in demand.

At the Multi Commodity Exchange, lead for delivery in October edged higher by 30 paise, or 0.20 per cent, to Rs 149.50 per kg in a business turnover of five lots.

Likewise, the for delivery in September contracts was up by 20 paise, or 0.13 per cent, to Rs 148.45 per kg in 389 lots.

Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices in futures trade.

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

First Published: Mon, September 10 2018. 11:20 IST