Lead rises by 0.6% on pick-up in demand

Lead prices traded higher by 0.57% to Rs 114.80 per kg in futures market today as speculators indulged in creating fresh positions amid pick-up in demand in the spot market.

At the Multi Commodity Exchange, lead for delivery in February edged up by 65 paise, or 0.57%, to Rs 114.80 per kg in a business turnover of 377 lots.

Likewise, the metal for delivery in March traded higher by 35 paise, or 0.30%, to Rs 115.70 per kg in one lot.

Analysts said fresh positions built up by speculators due to pick-up in demand from battery makers in the spot market influenced lead prices at futures trade.