Lead prices rose by 1.16 per cent on Monday at the domestic markets as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
At the MCX, Lead futures, for the December 2015 contract, is trading at Rs 113.10 per kg, up by 1.16 per cent, after opening at Rs 112.05, against a previous close of Rs 111.80. It touched an intra-day high of Rs 116.05 till the trading.
However, gains were limited 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 12525 metric tonnes to 191825 metric tonnes as on December 21, 2014.
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