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Firm demand lifts lead futures by 0.41 pc

At the Multi Commodity Exchange, lead for delivery in August month edged up by 60 paise, or 0.41 per cent to Rs 147.65 per kg in business turnover of 843 lots.


PTI 08 Aug 2018, 05:22 AM India

Lead prices inched up by 0.41 percent to Rs 147.65 per kg in futures market today as participants built up fresh positions following an uptick in demand at the spot market.

At the Multi Commodity Exchange, lead for delivery in August month edged up by 60 paise or 0.41 percent to Rs 147.65 per kg in business turnover of 843 lots.

Similarly, the metal for delivery in September contract was enquiring higher by 40 paise or 0.27 percent to Rs 148.40 per kg in 5 lots.

Analysts said fresh positions created by participants due to improved demand from battery-makers in the physical market and a firm trend in other base metals in global markets influenced lead prices at futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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