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Lead futures gain 0.49 pc on rise in demand

Press Trust of India  |  New Delhi 

Lead prices traded higher by 0.49 per cent to Rs 132.65 per kg in futures market today as traders created fresh positions, taking positive cues from spot market on pick up in demand.

At the Multi Commodity Exchange, lead for delivery in June edged up by 65 paise, or 0.49 per cent, to Rs 132.65 per kg in a business turnover of 718 lots.

Likewise, the metal for delivery in July traded higher by 60 paise, or 0.45 per cent to Rs 133.40 per kg in 18 lots.

Analysts said fresh positions built-up by participants backed by upsurge in domestic demand in the physical market, particularly from battery-makers, 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: Wed, June 14 2017. 10:57 IST