Lead futures up on strong spot demand, overseas cues

NEW DELHI, Jan 6: Tracking a firming trend in base metals overseas and rising spot demand, lead futures were up by 0.51 per cent at Rs 136.70 per kg as participants enlarged positions.

At the Multi Commodity Exchange, lead for delivery in February traded 70 paise, or 0.51 per cent, higher at Rs 136.70 per kg, with a turnover of eight lots.

The metal for delivery in January also rose by 60 paise, or 0.44 per cent, to trade at Rs 135.55 per kg, in a business turnover of 309 lots.

Marketmen said besides increased domestic demand from battery-makers, a firm trend at the London Metal Exchange, influenced lead prices at futures trade here. (AGENCIES)