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New Delhi
[India]
Posted on : Jun 01, 2015

Tracking a firming global trend and better domestic demand, lead futures traded higher by 0.16 per cent to Rs 125.40 per kg today on increased positions built up by speculators. 


At the Multi Commodity Exchange, lead for delivery in July traded higher 20 paise, or 0.16 per cent, to Rs 125.40 per kg in business turnover of 293 lots.


The metal for delivery in June contract was up by 10 paise, or 0.08 per cent, to Rs 124.55 per kg in 287 lots. 


Market analysts said besides better demand from battery-makers in spot market, a firm global trend in base metals after factory activity in China, the world's biggest consumer of metals, expanded for the third month mainly helped lead prices trade a shade higher in futures market. 


Source: Economic Times

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