Lead advances 0.14% driven by spot demand

NEW DELHI, Aug 6:  Amid a firming trend at the spot market on rising demand from battery makers, lead rose 0.14 per cent to Rs 110.55 per kg in futures trade today as speculators built up positions.
Furthermore, a firming trend in base metals overseas supported the upside in metal prices.
At Multi Commodity Exchange, lead for delivery in September was up 15 paise, or 0.14 per cent, at Rs 110.55 per kg in a business turnover of three lots.
Likewise, the metal for delivery in August traded up by 10 paise, or 0.09 per cent, at Rs 109.55 per kg in 332 lots.
According to market analysts, rising demand from battery makers at spot markets and strength in base metals at the London Metal Exchange helped lead futures trade higher. (PTI)


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