Lead futures trade higher on spot demand

Supported by pick up in demand at the domestic spot markets, lead futures traded higher by 0.43 per cent higher at Rs 164.90 per kg today as speculators enlarged positions.

At the Multi Commodity Exchange, lead for delivery in November traded higher by 70 paise, or 0.43 per cent, to Rs 164.90 per kg, in a business turnover of 357 lots.

The metal for delivery in December was up by 55 paise, or 0.33 per cent to trade at Rs 165.10 per kg in four lots.

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Globally, lead advanced as much as 7.2 per cent at the LME.

Market analysts said strong demand from battery-makers in spot market, mainly influenced lead futures.

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