Lead futures up on strong spot demand, overseas cues

NEW DELHI, Feb 28: Lead futures were marginally up by 0.27 per cent at Rs 131.85 per kg on rising spot demand and positive cues from global markets.

At the Multi Commodity Exchange, lead for delivery in February traded 35 paise or 0.27 per cent higher at Rs 131.85 per kg, with a turnover of 124 lots.

The metal for delivery in March also rose by 30 paise, or 0.23 per cent, to Rs 132.90 per kg in a turnover of 72 lots.

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