Lead futures gain 0.44% as demand picks up

Amid pick up in demand from battery-makers in the spot markets, lead prices were up 0.44 per cent to Rs 114.85 per kg in futures trading today as participants enlarged positions following uptick in demand from consuming industries in the spot market.
At the Multi Commodity Exchange, lead for delivery in June edged up by 50 paise, or 0.44 per cent, to Rs 114.85 per kg, in a business turnover of 341 lots.
Also, the metal for delivery in May traded higher by 30 paise, or 0.26 per cent, to Rs 113.90 per kg in 1,112 lots.
Analysts said widening of positions by traders following pick up in demand from battery makers at the domestic spot markets mainly kept lead prices higher at futures trade.