Lead futures prices up on strong spot demand, overseas cues

Written by PTI | New Delhi | Updated: Jan 22 2013, 20:41pm hrs
Lead futures were marginally up at Rs 123.35 per kg on rising spot demand and positive cues from global markets.

At the Multi Commodity Exchange, lead for delivery in

January traded 20 paise, or 0.16 per cent higher at Rs 123.35 per kg, with a turnover of 1,665 lots.

The metal for delivery in February also rose by 10 paise,

or 0.08 per cent to trade at Rs 123.70 per kg, in a business turnover of 300 lots.

Marketmen said besides strong domestic demand from

battery-makers, a firm trend at the London Metal Exchange,

influenced lead prices at futures trade here.