Lead futures trade higher on spot demand, global cues

NEW DELHI, Sept 10: Tracking a firming global trend and better domestic demand, lead futures traded higher by 0.27 per cent to Rs 131.20 per kg today on buying by speculators.

At the Multi Commodity Exchange, lead for delivery in October traded higher by 35 paise, or 0.27 per cent, to Rs 131.20 per kg in business turnover of three lots.

The metal for delivery in current month contract was up by 30 paise, or 0.23 per cent, to Rs 130.15 per kg in 573 lots.

Market analysts said besides better demand in spot market, firm global trend in base metals mainly helped lead prices to trade a shade higher in futures market. (PTI)