Lead up 0.2% on spot demand, short-covering
Market analysts said besides better demand in spot market, covering-up of short positions by speculators, supported the upside
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Lead futures traded higher by 0.20% to Rs 122.80 per kg today on buying by speculators amid a firming trend in domestic spot market on better demand.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 25 paise, or 0.20%, to Rs 122.80 per kg in a business turnover of 196 lots.
The metal for delivery in current month was up by a similar margin to trade at RS 124.10 per kg in 79 lots.
Market analysts said besides better demand in spot market, covering-up of short positions by speculators, supported the upside.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 25 paise, or 0.20%, to Rs 122.80 per kg in a business turnover of 196 lots.
The metal for delivery in current month was up by a similar margin to trade at RS 124.10 per kg in 79 lots.
Market analysts said besides better demand in spot market, covering-up of short positions by speculators, supported the upside.
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First Published: Oct 31 2014 | 12:30 PM IST