Lead futures up on spot demand, overseas cues

Lead futures rose by 0.83 per cent to Rs 151.75 per kg today on the back of strong demand in spot market and a firming trend in global market.

At the Multi Commodity Exchange, lead for delivery in current month traded higher by Rs 1.25, or 0.83 per cent, at Rs 151.75 per kg, with a turnover of 859 lots.

Also, the metal for delivery in October month traded up by Rs 1.05, or 0.69 per cent, at Rs 152.40 per kg, in a turnover of 11 lots.

Marketmen said pick-up in domestic demand, particularly from battery-makers, and a firming trend in metals in global markets, supported the upmove in lead prices in futures trade.

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