Lead futures gain on spot demand

Lead prices traded higher by 60 paise to Rs 155.95 per kg in futures trade on Tuesday as participants built up fresh positions driven by pick-up in demand at the spot market.

On the Multi Commodity Exchange, lead for delivery in October edged higher by 60 paise, or 0.39 per cent, to Rs 155.95 per kg in a business volume of 1,871 lots.

Lead contracts for November delivery traded up by 10 paise, or 0.06 per cent, to Rs 156.05 per kg in a business turnover of 4 lots.

Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers in the physical market mainly helped lead prices to trade higher.