Commodities

Lead up on spot demand

PTI New Delhi | Updated on May 11, 2011 Published on May 11, 2011

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.

Published on May 11, 2011
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