 "Lead up by 1% on strong spot demand")
Lead futures prices today rose by 0.96% to Rs 142.10 per kg as participants created speculative positions amid a firming trend in base metals at the London Metal Exchange on signs of global recovery and rising demand at domestic spot markets.
At the Multi Commodity Exchange, lead for delivery in August traded Rs 1.35, or 0.96%, higher at Rs 142.10 per kg, with a turnover of 1,162 lots.
The metal for delivery in September also rose by Rs 1.20, or 0.85%, to trade at Rs 142.20 per kg, in a business turnover of 108 lots.
Marketmen said besides strong domestic demand from battery-makers, a firm trend in base metals at the London Metal Exchange after US jobless claims fell and manufacturing in China and the euro area grew more than estimated, adding to signs of a global recovery influenced lead prices at futures trade here.
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