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Lead futures gain 0.35 pc on spot demand

Press Trust of India  |  New Delhi 

Amid a pick-up in demand from consuming industries in the spot market, lead prices rose 0.35 per cent to Rs 130.20 per kg in futures trade on Thursday as speculators built up fresh positions.

In futures trading on the Multi Commodity Exchange, lead for delivery in May contracts rose 45 paise, or 0.35 per cent, to Rs 130.20 per kg in a business turnover of 6,616 lots.

Market analysts said fresh positions created by traders amid upsurge in demand from battery-makers in the spot market supported the upside in lead prices here.

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

First Published: Thu, May 02 2019. 14:30 IST