Lead futures up on strong spot demand, overseas cues

NEW DELHI, June 17: Lead futures prices today rose by 0.45 per cent on rising demand at domestic spot markets and positive cues from global markets.
At the Multi Commodity Exchange, lead for delivery in June traded 55 paise, or 0.45 per cent, higher at Rs 122.45 per kg, with a turnover of 575 lots.
The metal for delivery in July also up by 40 paise, or 0.33 per cent, to trade at Rs 123.05 per kg, in a business turnover of 22 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals at the London Metal Exchange (LME) after an increase in manufacturing last month signalled an economic revival in the US, may boost demand for the metals, influenced lead prices at futures trade here.
At the LME, lead gained 1.1 per cent to USD 2,109 per tonne. (PTI)