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Lead futures up 0.71% on higher spot demand

Press Trust of India  |  New Delhi 

Lead prices rose 0.71 per cent to Rs 134.45 per kg in futures trade Monday as speculators created fresh positions amid pick up in demand at the domestic spot market.

However, a weak trend in industrial metals overseas limited the gains.

At the Multi Commodity Exchange, lead to be delivered in April was trading higher by 95 paise, or 0.71 per cent, at Rs 134.45 per kg in a business turnover of 6,944 lots.

Increased demand from battery makers at the physical market led to the rise in lead prices at futures market here, marketmen said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 15 2019. 13:40 IST