Lead gains by 0.9% on spot demand
The metal's gain in overseas market also influenced lead prices
Press Trust of India New Delhi Taking positive cues from global market and rising demand at domestic spot markets, lead futures rose 0.98% to Rs 124.15 per kg today as participants enlarged their exposure.
Lead for delivery in May traded higher by Rs 1.20, or 0.98%, to Rs 124.15 per kg, with a turnover of 225 lots at the Multi Commodity Exchange.
The metal for delivery in June gained Re 1, or 0.81%, to Rs 124.80 per kg in a business volume of 31 lots.
Market analysts said that apart from domestic demand, particularly from battery-makers, the metal's gain in overseas market influenced lead prices in futures trade.