Spot demand lifts lead futures by 0.07 pc

Lead prices traded a shade higher at Rs 151.35 per kg in futures trade today as participants indulged in creating fresh positions due to pick up in demand from consuming industries in the spot market.

At the Multi Commodity Exchange, lead for delivery in August edged up by 10 paise, or 0.07 per cent to Rs 151.35 per kg in a business turnover of 403 lots.

Likewise, the metal for delivery in September traded higher by 5 paise, or 0.03 per cent to Rs 152.35 per kg in 44 lots.

Market analysts attributed the rise in lead futures to fresh positions built up by traders after pick-up in demand from battery-makers in the spot market.

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