Lead futures up by 0.11% on rising demand

Lead futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators started building up fresh positions in the industrial metal amidst an increase in physical demand for lead, from battery-makers, in the domestic spot market.

 

Further, rise in physical demand from battery-makers in the domestic spot market supported prices of lead at futures trade. At the MCX, lead futures for November 2016 contract is trading at Rs 139.35 per kg, up by 0.11 per cent, after opening at Rs 138.75, against a previous close of Rs 139.20. It touched the intra-day high of Rs 139.35 (at 11:06 hours).

 

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