NEW DELHI, Aug 28: Lead prices today rose by 0.63 per cent, to Rs 112.55 per kg in futures trade on speculative buying on the back of rising spot demand.
Besides, a firming trend in base metals at the London Metal Exchange (LME) also influenced prices.
At the Multi Commodity Exchange, lead for delivery in September traded 70 paise, or 0.63 per cent, higher at Rs 112.55 per kg with a turnover of 84 lots.
The metal for delivery in August also rose by 45 paise, or 0.50 per cent, to trade at Rs 111.20 per kg, in a business turnover of 396 lots.
Marketmen said apart from fresh positions created by speculators following better spot demand from battery-makers, a firming trend in base metals at the London Metal Exchange (LME) as US economic data that beat analysts’ estimates boosted the outlook for metals demand, influenced lead prices.
Globally, lead climbed at least 0.7 per cent at the LME. (PTI)
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