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.

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