Lead up 0.19% on spot demand, global cues

Fresh positions also influenced prices

Supported by firm spot demand and a firming trend in global markets, lead futures today traded 0.19% higher at Rs 104.30 per kg as speculators enlarged their positions.

At the Multi Commodity Exchange, lead for delivery in July traded 20 paise, or 0.19%, at Rs 104.30 per kg, with a turnover of 533 lots.

The metal for delivery in August also rose by a similar margin to trade at Rs 105.45 per kg, with a turnover of 29 lots.

At the London Metal Exchange (LME), lead rose 0.27% to USD 1,865 a tonne.

Analysts said creation of fresh positions by speculators, driven by good spot demand and a firm trend in base metals at the LME after data showing China's inflation cooled further in June, mainly influenced the lead prices at futures trade.