Comments
Tracking gains in the base metals at the London Metal Exchange and pick up in domestic demand, lead prices edged higher by 0.66 per cent to Rs 106.45 a kg in futures trading today.
At the Multi Commodity Exchange, lead for delivery in June moved up by 70 paise or 0.66 per cent to Rs 106.45 a kg with a business turnover of 48 lots.
Likewise, the metal for delivery in May edged up by 70 paise or 0.62 per cent to Rs 106 a kg with a business turnover of 706 lots.
Market analysts said besides a firming trend in base metals at the London Metal Exchange on the back of strong data from China and a weaker dollar, which raised demand for the commodities, pushed up lead prices here.
Meanwhile, lead gained 0.60 per cent to $2,349 a tonne at the LME.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.