Lead up by 0.3% on base metal gains

Lead prices rose by 0.32% to Rs 111.10 per kg in futures trade today as participants enlarged their positions, driven by pick-up in spot market demand and gains in base metals overseas.

At the Multi Commodity Exchange, lead for delivery in January next year moved up by 35 paise, or 0.32%, to Rs 111.10 per kg in a business turnover of two lots.

Likewise, the metal for delivery in December edged up by 30 paise, or 0.27%, to Rs 110.15 per kg in 179 lots.

Market analysts attributed the rise in lead futures to speculators enlarging their positions following pick-up in demand from battery-makers in the spot market.

Besides, a firming trend in base metals overseas influenced metal prices.