Lead futures strengthen on rising demand, global cues

NEW DELHI, Aug 18:  Lead futures rose 0.34 per cent to Rs 134.20 per kg as participants enlarged positions on rising spot demand at domestic markets amid a firming trend overseas.
At the Multi Commodity Exchange, lead for delivery in August traded higher by 45 paise, or 0.34 per cent, to Rs 134.20 per kg, with a turnover of 84 lots.
The metal for delivery in September also rose by 35 paise, or 0.26 per cent, to trade at Rs 135 per kg, in a business turnover of three lots.
Marketmen said better domestic demand, particularly from battery-makers and a firming trend in the base metals pack at the London Metal Exchange, led to rise in lead prices at futures trade here. (PTI)


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