Lead prices up by 0.5% on global cues

Increased demand from battery makers also influenced prices

Taking positive cues from the global market, lead futures inched up by 0.48% to Rs 125.25 per kg in futures trading today as participants raised their bets.

At the Multi Commodity Exchange, Lead for delivery in February month edged up by 60 paise, or 0.48% to Rs 125.25 per kg in business turnover of 1,681 lots.

Likewise, the metal for delivery in far-month March traded higher by 55 paise, or 0.44% to Rs 125.75 per kg in 60 lots.

Analysts said apart from a firm trend overseas, increased demand from battery makers in the spot market, influenced lead prices at futures trade.