Lead gains by 0.3% on global cues

Taking positive cues from Asian trade, lead futures prices today were up by 0.35% to Rs 113.75 per kg, as speculators built-up positions.

Rising domestic spot demand from battery-makers too influenced metal prices.

In futures trading at the Multi Commodity Exchange, lead for delivery in current month (June) edged up by 40 paise, or 0.35%, to trade at at Rs 113.75 per kg, with a turnover of 319 lots.

Metal for delivery in July contracts also rose by a similar margin to trade at Rs 114.90 per kg in business turnover of three lots.

Analysts said a firming trend in the base metals in Asian trade as China's imports surged, showing signs of strengthening demand for the metals from the world's biggest consumer and pick up in domestic demand from battery-makers and other consuming industries, helped lead futures to trade higher.