Lead futures up 0.22 pc on positive spot cues

Lead prices were trading marginally higher by 0.22 per cent to Rs 162.40 per kg in futures market today as traders built up fresh positions, taking positive cues from the spot market on pick-up in demand.

At the Multi Commodity Exchange, lead for delivery in December edged up by 35 paise, or 0.22 per cent, to Rs 162.40 per kg in a business turnover of 930 lots.

Similarly, the metal for delivery in January was trading higher by 25 paise, or 0.15 per cent, to Rs 162.20 per kg in 15 lots.

Market analysts said fresh positions created by traders following improved demand from battery-makers in the physical market, mainly influenced lead prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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