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Robust demand lifts lead futures 0.75%

Press Trust of India  |  New Delhi 

Supported by upsurge in demand at domestic spot markets, lead prices moved up by 0.75 per cent to Rs 147.50 per kg in futures trading today as traders built up fresh positions.

At the Multi Commodity Exchange, lead for delivery in September rose by Rs 1.10, or 0.75 per cent to Rs 147.50 per kg in business turnover of 27 lots.

On similar lines, the for delivery in August was trading higher by 95 paise, or 0.65 per cent to Rs 146.70 per kg in 1,875 lots.

Analysts said fresh positions created by participants following uptick in demand from battery-makers in the physical market mainly led to the rise in lead prices at futures trade.

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

First Published: Tue, August 07 2018. 12:00 IST