Lead gains marginally on spot demand, overseas cues

March, April contracts rise 0.3% on hopes that US Fed will continue stimulus, and on higher offtake by battery makers

Lead futures prices today rose marginally to Rs 122.55 per kg on rising spot demand and positive cues from global markets.     
At the Multi Commodity Exchange, lead for delivery in March traded 40 paise, or 0.33 per cent higher at Rs 122.55 per kg, with a turnover of 1,621 lots.     

The April contract rose by 35 paise, or 0.29 per cent to trade at Rs 123.10 per kg, in a business turnover of 110 lots.     

Marketmen said besides strong domestic demand from battery-makers, a firm trend at the London Metal Exchange as China, the biggest user of metals, set its economic growth targets and speculation the US Federal Reserve will continue stimulus measures, influenced lead prices at futures trade here.