Lead futures up on spot demand
Lead futures up on spot demand
Lead prices rose 0.93 per cent to Rs 140.35 per kg in futures trade Thursday due to pick-up in demand from consuming industries at spot markets.
At the Multi Commodity Exchange, lead for delivery in December was trading up by Rs 1.30, or 0.93 per cent, to Rs 140.35 per kg, in a business turnover of 2,525 lots.
Market analysts said fresh positions created by traders amid upsurge in demand from battery-makers in the spot market led to the rise in lead prices in futures trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.