Lead up 0.3% on spot demand, global cues

Firm global trend in copper and other base metals mainly helped lead prices to trade higher at futures trade, say market analysts.

Buoyed by a firm global trend and firm domestic demand, lead futures prices today rose by 0.37% to Rs 122.90 per kg on buying by speculators.
    
At the Multi Commodity Exchange, lead for delivery in June traded higher by 45 paise, or 0.37%, to Rs 122.90 per kg in business turnover of 1,097 lots.
    
Similarly, lead for delivery in July gained 40 paise, or 0.32%, to Rs 123.65 per kg in 88 lots.
    
Market analysts said besides better demand in spot market, firm global trend in copper and other base metals mainly helped lead prices to trade higher at futures trade.