Lead futures gain on upsurge in physical demand

by - 12:18 pm

Lead futures were trading higher during morning trade in the domestic market on Monday as investors and speculators indulged in widening their bets in the industrial metal amid surge in physical demand for lead, from battery-makers, in the domestic spot market. 
 

Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. 

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At the MCX, lead futures for January 2017 contract is trading at Rs 141.30 per kg, up by 0.50 %, after opening at Rs 140.95, against a previous close of Rs 140.60. It touched the intra-day high of Rs 141.70.

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