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Posted on : May 31, 2013

Buoyed by a firm global trend and better domestic demand, lead futures traded higher by 0.40 per cent to Rs 123.50 per kg on buying by speculators.

At the Multi Commodity Exchange, lead for delivery in May traded higher by 50 paise, or 0.40 per cent, to Rs 123.50 per kg in business turnover of 3,652 lots.

Similarly, the metal for delivery in June contract edged up by 10 paise, or 0.08 per cent, to Rs 123 per kg in 2,764 lots.

Market analysts said besides better demand in spot market, firm global trend in base metals mainly helped lead prices to trade marginally higher at futures trade.

Meanwhile, lead advanced 2.2 per cent to $ 2,172 a tonne on the London Metal Exchange.

Source:- Economic  times

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