 "Lead up 0.7% on rising demand")
Lead futures rose 0.70% to Rs 122.85 per kg as participants enlarged positions on rising spot demand at domestic markets even as the metal weakened at the London Metal Exchange (LME).
At the Multi Commodity Exchange, lead for delivery in June traded higher by 85 paise, or 0.70%, to Rs 122.85 per kg, with a turnover of 471 lots.
The metal for delivery in July also rose by 80 paise, or 0.65%, to trade at Rs 124.05 per kg, in a business turnover of 19 lots.
Marketmen said strong domestic demand, particularly from battery-makers, led to rise in lead prices at futures trade here but the metal's weakness at the LME, capped the gains.
At the Multi Commodity Exchange, lead for delivery in June traded higher by 85 paise, or 0.70%, to Rs 122.85 per kg, with a turnover of 471 lots.
The metal for delivery in July also rose by 80 paise, or 0.65%, to trade at Rs 124.05 per kg, in a business turnover of 19 lots.
Marketmen said strong domestic demand, particularly from battery-makers, led to rise in lead prices at futures trade here but the metal's weakness at the LME, capped the gains.