Lead futures up on spot demand, overseas cues

NEW DELHI, July 15:  Lead futures rose marginally to Rs 117.15 per kg today on the back of strong demand in spot market and a firming trend overseas.
At Multi Commodity Exchange, lead for delivery in July traded higher by 20 paise, or 0.17 per cent, at Rs 117.15 per kg with a turnover of 290 lots.
However, the metal for delivery in August traded flat at Rs 117.90 per kg in modest volume of just one lot.
Marketmen said pick-up in domestic demand, particularly from battery-makers, and a firming trend in base metal pack at the London Metal Exchange on the back of better-than-expected growth in the China’s economy in the second quarter, influenced lead prices in futures trade here. (PTI)