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Upbeat overseas cues lift Lead futures

By Religare
|

Lead prices rose by 0.31 per cent to Rs 114.45 per kg in futures trading today largely in line with a strong trend overseas in the midst of high demand at the spot market. At the MCX, Lead futures, for the August 2015 contract, is trading at Rs 114.45 per kg, up by 0.31 per cent, after opening at Rs 114, against a previous close of Rs 114.10. It touched an intra-day high of Rs 114.65 till the trading. (At 3.15 PM today)

 

However, gains were curbed due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 1601 metric tonnes to 203701 metric tonnes as on August 17, 2015.

Story first published: Monday, August 17, 2015, 23:00 [IST]
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