Lead Futures Gain 0.76% On Upsurge In Demand

Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators extended their positions in the industrial metal amid uptick 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.

At the MCX, lead futures for April 2017 contract is trading at Rs 151.85 per kg, up by 0.76 per cent, after opening at Rs 152.10, against a previous close of Rs 150.70. It touched the intra-day high of Rs 152.20.

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Suhani Verma

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