Lead futures prices up on spot demand, short-covering
Agencies: New Delhi, Nov 16 2012, 11:58 IST
In range-bound movements, lead futures prices rose 0.21 per cent to Rs 120.90 per kg today as speculators created some positions amid a firm spot markets trend on pick up in demand even as the metal weakened at the London Metal Exchange.
At the Multi Commodity Exchange, lead for delivery in December traded 25 paise, or 0.21 per cent, higher at Rs 120.90 per kg, with a turnover of 122 lots.
The metal for delivery in November also rose by 20 paise, or 0.17 per cent, to trade at Rs 121.25 per kg, with a turnover of 1,576 lots.
Marketmen said besides domestic demand from battery-makers, covering-up of short positions by speculators, helped lead to trade higher at futures trade.
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