 "Lead up by 0.7% on spot demand")
Lead prices traded higher by 0.72% to Rs 118.80 per kg in futures trading today as traders enlarged their positions, driven by pick-up in demand at the spot market.
Besides, a firming trend in base metals at the London Metal Exchange (LME) supported the upside.
At Multi Commodity Exchange, lead for delivery in March edged up by 85 paise, or 0.72% to Rs 118.80 per kg in a business turnover of 102 lots.
Likewise, the metal for delivery in February contracts traded higher by 75 paise, or 0.64%, to Rs 118.10 per kg in 1,086 lots.
Market analysts said increasing of positions by participants following pick-up in demand from battery-makers in the spot market amid a firming trend in the base metals pack at the LME, mainly influenced lead prices at futures trade.
Globally, at the London Metal Exchange lead was up 1.9%.
Besides, a firming trend in base metals at the London Metal Exchange (LME) supported the upside.
Read more from our special coverage on "LEAD"
At Multi Commodity Exchange, lead for delivery in March edged up by 85 paise, or 0.72% to Rs 118.80 per kg in a business turnover of 102 lots.
Likewise, the metal for delivery in February contracts traded higher by 75 paise, or 0.64%, to Rs 118.10 per kg in 1,086 lots.
Market analysts said increasing of positions by participants following pick-up in demand from battery-makers in the spot market amid a firming trend in the base metals pack at the LME, mainly influenced lead prices at futures trade.
Globally, at the London Metal Exchange lead was up 1.9%.
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