Lead futures up on strong spot demand, overseas cues

NEW DELHI, Jan 2: Lead futures were up 0.8 per cent at Rs 137.80 per kg on rising spot demand and positive cues from global markets.
At the Multi Commodity Exchange, lead for delivery in January traded Rs 1.15, or 0.84 per cent, higher at Rs 137.80 per kg, with a turnover of 339 lots.
The metal for delivery in February also rose by Rupee one, or 0.73 per cent, to trade at Rs 138.75 per kg, in a business turnover of 13 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in the entire base metals pack at the London Metal Exchange, influenced lead prices at futures trade here.  (AGENCIES)