Upsurge in demand lifts lead futures 0.10 pc

Lead prices traded higher by 0.10 per cent to Rs 148.25 per kg in futures trading today as traders built up fresh positions after pick-up in demand at the spot market.

At the Multi Commodity Exchange, lead for delivery in July edged higher by 15 paise, or 10 per cent, to Rs 148.25 per kg in a business turnover of 243 lots.

On similar lines, the metal for delivery in August was trading higher by a similar margin to Rs 149.10 per kg in 14 lots.

Analysts said fresh positions created by participants due to upsurge in demand from battery-makers in the physical market mainly led to the rise in lead prices at futures trade.