Lead futures advance 0.17% driven by spot demand

At the Multi Commodity Exchange, lead for delivery in the current month was up 25 paise, or 0.17 percent, at Rs 146.95 per kg, in a business turnover of 343 lots.

An engineer shows lead concentrate which was extracted from ore at the Novoangarsky lead and zinc ore dressing plant on a former riverbed of Angara river near the Siberian settlement of Novoangars, Russia, August 17, 2016. Picture taken August 17, 2016. REUTERS/Ilya Naymushin - S1AETWEYUJAA

Supported by rising demand from battery makers, lead rose 0.17 percent in futures trade Tuesday as speculators built up fresh positions.

At the Multi Commodity Exchange, lead for delivery in the current month was up 25 paise, or 0.17 percent, at Rs 146.95 per kg, in a business turnover of 343 lots.

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According to market analysts, rising demand from battery makers at spot markets but a weak trend overseas capped the gains.

PTI

first published: Oct 23, 2018 11:10 am

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Lead futures advance 0.17% driven by spot demand

At the Multi Commodity Exchange, lead for delivery in the current month was up 25 paise, or 0.17 percent, at Rs 146.95 per kg, in a business turnover of 343 lots.

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