Uptick In Demand Lifts Lead Futures By 0.58%

Lead futures were trading higher during the noon trade in the domestic market on Tuesday as participants widened their positions in the industrial metal due to an upsurge in physical demand for lead, from battery-makers, in the domestic spot market. Further, an increase in demand from battery-makers in the domestic spot market, supported prices of lead at the domestic spot markets.

                        At the MCX, lead futures for September 2016 contract is trading at Rs 129.75 per kg, up by 0.58 %, after opening at Rs 129, against a previous close of Rs 129. It touched the intra-day high of Rs 129.90.

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