Lead futures up on strong spot demand, overseas cues

NEW DELHI, July 17:  Lead futures prices today gained 0.74 per cent on rising demand at domestic spot markets and positive cues from global markets.
At the Multi Commodity Exchange, lead for delivery in July traded 90 paise, or 0.74 per cent higher at Rs 122.75 per kg, with a turnover of 1,572 lots.
The metal for delivery in August also rose by 80 paise, or 0.65 per cent to trade at Rs 123.55 per kg, in a business turnover of 131 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals at the London Metal Exchange influenced lead prices at futures trade here.
Meanwhile, at the London Metal Exchange, lead traded a shade higher at USD 2,076 a tonne. (PTI)