Lead futures up on spot demand, overseas cues

NEW DELHI, Feb 12: Lead futures prices today rose by 0.34 per cent to Rs 131.35 per kg on rising spot demand and positive cues from global markets.

At the Multi Commodity Exchange, lead for delivery in February traded 45 paise, or 0.34 per cent higher, at Rs 131.35 per kg, with a turnover of 409 lots.

The metal for delivery in March also rose by a similar margin to trade at Rs 132.45 per kg, in a business turnover of four lots.

Marketmen said apart from strong domestic demand from battery-makers, a firm trend in copper and other base metals pack at the London Metal Exchange after after China’s trade surplus widened more than estimated in January and as imports of the commodity rose, influenced lead prices at futures trade here. (AGENCIES)