Lead costs were higher by 0.33 per cent to Rs 153.65 per kilogram in futures trade these days as participants indulged in making contemporary positions because of develop in demand from intense industries within the commodities market amid positive international cues.
At the Multi commodity exchange, lead for delivery in Oct edged up by 50 paise, or 0.33 per cent, to Rs 153.65 per kg, in a very business turnover of three lots.
Likewise, the Base metal for delivery in current month listed higher 40 paise, or 0.26 per cent, to Rs 152.80 per kilogram in 183 tons.
Likewise, the metal for delivery in current month listed higher 40 paise, or 0.26 per cent, to Rs 152.80 per kilogram in 183 tons.
Market analysts attributed the increase in lead futures to contemporary positions designed up by traders once develop in demand from battery-makers within the commodities market and gains in base metals pack overseas.
Copper
Taking positive cues from international market and rising spot demand at the domestic markets, copper costs were higher by 0.36 per cent to Rs 454.65 per kilogram in futures commerce these days as speculators raised their bets.
At the Multi commodities exchange, copper for delivery in Gregorian calendar month next year spurted by Rs 1.65, or 0.36 per cent, to Rs 454.65 per kg, in a very business turnover of ten tons.
Similarly, the metal for delivery in Gregorian calendar month listed higher by Rs 1.25, or 0.28 per cent, to Rs 449.50 per kilogram in 1,083 lots.
Analysts attributed the increase in copper futures trade to a firm international trend confidently in international economy supported costs.
Moreover, develop in demand at the domestic markets from intense industries too supported the top, they said.
Globally, copper for delivery in 3 month climbed 0.3 per cent to trade at a three-year high of USD 6,940 per tonne at the London Metal Exchange in yesterday's trade.
Contact us:- +91 8080808209 , +1 646-681-7317 , 0731-6444415, 4083757
Or email us at -
No comments:
Post a Comment