NEW DELHI, July 2:Taking positive cues from the global market and rising demand at the domestic spot market, lead futures prices today rose 0.35 per cent to Rs 114.25 per kg as speculators enlarged positions mostly.
At Multi Commodity Exchange, lead for delivery in July traded 40 paise, or 0.35 per cent, higher at Rs 114.25 per kg, with a turnover of 270 lots while delivery in August contracts was up by 25 paise, or 0.22 per cent, at Rs 115.10 per kg in a turnover of one lot.
Marketmen said the rise in lead futures was mostly supported by rising demand from battery-makers in the domestic spot markets and firming trend in industrial metals at the London Metal Exchange after data showed US factory activity and construction spending rose, pointing to improving demand in the world’s second-biggest metals user. (PTI)
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