Lead futures up on firm spot demand, global cues

NEW DELHI, June 17:  Lead futures prices today rose by 0.56 per cent to Rs 126.35 per kg on strong spot demand amidst a firming trend overseas.
At the Multi Commodity Exchange, lead for delivery in June traded 70 paise, or 0.56 per cent, higher at Rs 126.35 per kg, with a turnover of 961 lots.
The metal for delivery in July rose by 65 paise, or 0.51 per cent, to Rs 127.50 per kg in a turnover of 27 lots.
Traders said besides good demand from battery-makers, a firming trend in the entire base metal pack at the London Metal Exchange (LME) amidst speculation that demand will stabilise in China and the US, the world’s largest metal consumers, influenced lead futures prices here. (PTI)