Lead futures gain 1.53% on spot demand

Lead futures gain 1.53% on spot demand

22/11/2016 11:05

Lead futures rose over 1 per cent during morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the industrial metal amid upsurge in physical demand for lead, from battery-makers, in the domestic spot market.

Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for November 2016 contract is trading at Rs 149.70 per kg, up by 1.53 per cent, after opening at Rs 148.50, against a previous close of Rs 147.45. It touched the intra-day high of Rs 149.80 (at 11:02 hours).

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