Lead futures up on strong spot demand, overseas cues

NEW DELHI, Dec 18: Buoyed by rising domestic demand and a global trend, lead futures edged up by 0.32 per cent to Rs 126.15 per kg after speculators created positions.
At the Multi Commodity Exchange, lead for delivery in December traded 40 paise, or 0.32 per cent higher, at Rs 126.15 per kg, with a turnover of 3,185 lots.
The metal for delivery in January also rose by 30 paise to trade at Rs 126.35 per kg, with a turnover of 626 lots.
Besides strong demand from battery-makers, a firm trend in copper and other base metals at the London Metal Exchange on encouraging Chinese economic data and speculation that US lawmakers will reach an agreement on the budget, supported the upside in lead futures prices, said marketmen. (PTI)