Lead futures gain 1.32% on global cues

Lead futures traded 1.32 per cent higher to Rs 100 per kg today, after speculators enlarged their positions, driven by a firm global trend.

Strong demand from battery makers at the spot markets, also influenced lead futures prices.

At the Multi Commodity Exchange counter, lead futures for November delivery rose by Rs 1.30 or 1.32 per cent to Rs 100 per kg, with a business turnover of 20 lots.

Similarly, lead futures for December contract delivery also gained Rs 1.20 or 1.20 per cent to Rs 101.10 per kg, with a business turnover of 8 lots.

Market analysts said a firm trend in base metals at the London Metal Exchange and a better trend at domestic spot markets, led to a rise in lead futures prices here.