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FIN: Lead futures gain 0.26% on spot demand
 
New Delhi: Supported by pick up in spot markets demand and strong global cues, lead futures prices today edged up 0.26 per cent to Rs 116.50 per kg.
At the Multi Commodity Exchange, lead for delivery in September traded 30 paise, or 0.26 per cent, higher at Rs 116.50 per kg, with a turnover of 1,958 lots.

The metal for delivery in October rose by a similar margin to trade at Rs 117 per kg, with a turnover of 210 lots.

Globally, lead traded 0.95 per cent higher at USD 2,115 per tonne at the London Metal Exchange.

Marketmen said besides rising demand from battery-makers, a firming trend overseas on hopes that policy makers from the US and China would bring more measures to stimulate growth, boosting demand for raw materials, influenced lead futures prices.
Source