Lead up 1.5% on strong spot demand

Lead for delivery in September also rose by 1.4%

Lead futures today rose by 1.57% to Rs 148.95 per kg as speculators created positions, triggered by rising demand at domestic spot markets.

At the Multi Commodity Exchange, lead for delivery in August traded Rs 2.30, or 1.57%, higher at Rs 148.95 per kg, with a turnover of 2,261 lots.

Lead for delivery in September also rose by Rs 1.55, or 1.40%, to trade at Rs 148.80 per kg, in a business turnover of 924 lots.

Marketmen said besides strong domestic demand from battery-makers, covering up of short positions by speculators in view of approaching settlement influenced lead prices at futures trade here, but weak trend overseas limited the gains.