Lead futures rise 0.90% on positive spot cues

Amid pick up in demand at the domestic spot market, lead prices traded higher by 0.90 percent to Rs 145.45 per kg in futures market today as speculators raised bets.

At the Multi Commodity Exchange, lead for delivery in August advanced by Rs 1.30, or 0.90 percent, to Rs 145.45 per kg in business turnover of 423 lots.

Similarly, the metal for delivery in September contracts traded higher by Rs 1.30, or 0.89 percent, to Rs 146.60 per kg in 19 lots.

Analysts said widening of positions by traders due to rise in demand from battery markers in the physical market attributed to the rise in lead prices in futures trade.

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