Spot demand lifts lead futures by 0.93%

Lead prices moved up by 0.93 percent to Rs 147.20 per kg in futures trading today as speculators raised their bets, driven by an uptick in demand at the spot markets.

At the Multi Commodity Exchange, lead for delivery in August went up by Rs 1.35, or 0.93 percent to Rs 147.20 per kg in business turnover of 381 lots.

Similarly, the metal for delivery in September was trading higher by Rs 1.35, or 0.92 percent to Rs 148.50 per kg in 260 lots.

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

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