Lead futures up 0.48% on overseas trend, spot demand

Lead futures traded higher by 0.48 per cent to Rs 124.90 per kg today on a firming trend in select metals in global markets amid increased demand from domestic battery-makers.
At Multi Commodity Exchange, lead for delivery in May traded higher by 60 paise, or 0.48 per cent, at Rs 124.90 per kg, with a turnover of 252 lots while prices for delivery in June were up 30 paise, or 0.24 per cent, at Rs 125.80 per kg in a turnover of 2 lots.
Marketmen said apart from rising demand in the spot markets from domestic battery-makers and other consuming industries, a firming trend in metal at the London Metal Exchange supported the upside in lead futures here.