Lead futures tad higher on spot demand, global cues

NEW DELHI, June 14:  Buoyed by a firm global trend and rising domestic demand, lead futures traded a shade higher at Rs 121.20 per kg today on buying by speculators.
At the Multi Commodity Exchange, lead for delivery in June traded higher by 25 paise, or 0.21 per cent, to Rs 121.20 per kg in business turnover of 996 lots.
Similarly, the metal for delivery in July contracts moved up by 20 paise, or 0.16 per cent, to Rs 121.90 per kg in 65 lots.
Market analysts said apart from better demand in domestic spot market, firm global trend in base metals after better- than-expected US retail sales and jobs data boosted the outlook for demand, mainly influenced lead prices at futures trade. (PTI)


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