Uptick in demand lifts lead futures by 0.28%
23/08/2016 11:00
Lead futures were trading higher during the morning trade in the domestic market on Tuesday as participants build up fresh positions in the industrial metal due to a rise in physical demand for lead, from battery-makers, in the domestic spot market. Further, an increase in demand from battery-makers in the domestic spot market, supported prices of lead in the spot markets. At the MCX, lead futures for August 2016 contract is trading at Rs 124.25 per kg, up by 0.28 per cent, after opening at Rs 124.30, against a previous close of Rs 123.90. It touched the intra-day high of Rs 124.40 (at 10:58 hours).
