Lead up 0.7% on spot demand, global cues

Metal for delivery in October gained 0.63%

Supported by demand in the domestic spot market and a firming global trend, lead futures prices today rose marginally to Rs 127.80 per kg.

At the Multi Commodity Exchange, lead for delivery in November traded 90 paise, or 0.71%, higher to Rs 127.80 per kg, with a turnover of 15 lots.

The metal for delivery in October gained 80 paise, or 0.63%, to Rs 126.80 per kg in a business volume of 434 lots.

Marketmen said apart from domestic demand, particularly from battery-makers, strength in copper and other base metals mainly influenced lead prices at futures trade.