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Lead futures gain 0.44 pc on spot demand

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Press Trust of India New Delhi

Amid pick up in demand from consuming industries at the spot market, lead prices were up 0.44 per cent to Rs 138.65 per kg in futures trade Monday as speculators built up fresh positions.

At the Multi Commodity Exchange, lead for delivery in the current month rose 60 paise, or 0.44 per cent, to Rs 138.65 per kg, in a business turnover of 1,431 lots.

Market analysts said fresh positions created by traders amid upsurge in demand from battery-makers in the spot market and a firming trend overseas led to the rise in lead prices in futures trade.

 

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First Published: Dec 24 2018 | 11:56 AM IST

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