Robust demand lifts lead futures by 0.30%

NEW DELHI, June 27: Lead prices were up by 0.30 per cent to Rs 165.30 per kg in futures market today as speculators built up fresh positions after uptick in demand at the spot market.

At the Multi Commodity Exchange, lead for delivery in June edged higher by 50 paise, or 0.30 per cent to Rs 165.30 per kg in business turnover of 351 lots.

Likewise, the metal for delivery in July was trading higher by 45 paise, or 0.27 per cent to Rs 166.15 per kg in 150 lots.

Analysts said fresh positions created by traders due to pick up in demand from battery-makers in the physical market mainly influenced lead prices at futures trade. (PTI)