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Lead up by 0.6% on global cues

Speculators created fresh positions, tracking firming trend in base metals overseas

Press Trust of India New Delhi
Lead futures traded 0.59% higher at Rs 110.40 per kg as speculators created fresh positions, tracking firming trend in base metals overseas.

Besides, rising demand from battery-makers at the spot market supported the upside.

At Multi Commodity Exchange, lead for delivery in current month was up 65 paise, or 0.59%, to Rs 110.40 per kg in a business turnover of 840 lots.

Lead for delivery in August was trading 55 paise, or 0.50% higher at Rs 111.50 per kg in 55 lots.

Marketmen said a weakening dollar and rising demand at domestic spot markets from battery-makers influenced lead prices in futures trade.
 

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First Published: Jul 29 2015 | 11:57 AM IST

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