Lead futures up 0.22% on overseas cues

NEW DELHI, Aug 20:  Lead futures traded marginally up by 0.22 per cent at Rs 136.20 per kg today as speculators enlarged positions amid a firming trend overseas and pick-up in domestic demand.
At the Multi Commodity Exchange, lead for delivery in September traded higher by 30 paise, or 0.22 per cent, at Rs 136.20 per kg, with a turnover of three lots.
The metal for delivery in August also rose by 25 paise, or 0.18 per cent, to trade at Rs 135.60 per kg in a turnover of 130 lots.
Marketmen said besides rising demand from battery-makers, a firming trend in base metals at the London Metal Exchange after a jump in home building fuelled speculation that demand will accelerate in the US, the world’s second-biggest consumer of industrial metals, influenced lead prices at futures trade here. (PTI)


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