Lead futures bounce 0.25% on pick up in demand, global cues

Lead prices recovered 0.25 per cent to Rs 140.55 per kg in futures trade Thursday after participants built up fresh positions amid pick up in demand in the domestic spot market and positive global cues.

At the Multi Commodity Exchange, the November rates of lead was trading higher by 35 paise, or 0.25 per cent at Rs 140.55 per kg in a business turnover of 27 lots.

Marketmen said the rise in lead prices at futures trade was mostly attributed to building up of fresh positions by speculators, supported by uptick in demand from battery-makers at the domestic spot markets and a firming trend overseas.

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