Lead up 0.3% on spot demand, global cues
Metal for delivery in September rose 0.28%
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Lead futures rose 0.35% to Rs 127.85 per kg today on strong spot demand amid a firming trend overseas.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 45 paise, or 0.35%, to Rs 127.85 per kg, with a turnover of four lots.
The metal for delivery in September rose 35 paise, or 0.28%, to Rs 126.75 per kg in a turnover of 280 lots.
Traders said besides good demand from battery-makers, a firming trend in copper and other base metals at the London Metal Exchange (LME) on China factory data, influenced lead futures prices here.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 45 paise, or 0.35%, to Rs 127.85 per kg, with a turnover of four lots.
The metal for delivery in September rose 35 paise, or 0.28%, to Rs 126.75 per kg in a turnover of 280 lots.
Traders said besides good demand from battery-makers, a firming trend in copper and other base metals at the London Metal Exchange (LME) on China factory data, influenced lead futures prices here.
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First Published: Sep 23 2014 | 11:00 AM IST