Lead futures up on spot demand, overseas cues

Lead futures rose by 0.43 per cent to Rs 152.45 per kg today on the back of strong demand in spot market and a firming trend in global market.

In futures trading at the Multi Commodity Exchange, lead for delivery in current month traded higher by 65 paise or 0.43 per cent, at Rs 152.45 per kg, with a turnover of 317 lots.

Metal for delivery in September traded up by a similar margin at Rs 153.15 per kg.

Marketmen said pick-up in domestic demand, particularly from battery-makers, and a firming trend in metals at the London Metal Exchange (LME), supported the upmove in lead prices in futures trade.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)