Lead up by 0.3% on base metal gains
Participants enlarged their positions, driven by pick-up in spot market demand
 "Lead futures up 0.32% on base metal gains")
Lead prices rose by 0.32% to Rs 111.10 per kg in futures trade today as participants enlarged their positions, driven by pick-up in spot market demand and gains in base metals overseas.
At the Multi Commodity Exchange, lead for delivery in January next year moved up by 35 paise, or 0.32%, to Rs 111.10 per kg in a business turnover of two lots.
Likewise, the metal for delivery in December edged up by 30 paise, or 0.27%, to Rs 110.15 per kg in 179 lots.
Market analysts attributed the rise in lead futures to speculators enlarging their positions following pick-up in demand from battery-makers in the spot market.
Besides, a firming trend in base metals overseas influenced metal prices.
At the Multi Commodity Exchange, lead for delivery in January next year moved up by 35 paise, or 0.32%, to Rs 111.10 per kg in a business turnover of two lots.
Likewise, the metal for delivery in December edged up by 30 paise, or 0.27%, to Rs 110.15 per kg in 179 lots.
Market analysts attributed the rise in lead futures to speculators enlarging their positions following pick-up in demand from battery-makers in the spot market.
Besides, a firming trend in base metals overseas influenced metal prices.
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First Published: Dec 01 2015 | 12:13 PM IST