Lead futures gain marginally in range-bound trading

Lead traded marginally higher by 0.16% today after speculators enlarged their positions. Pick-up in demand from battery makers also supported the upside in lead futures prices.

At the Multi Commodity Exchange, lead for delivery in May rose by 20 paise, or 0.16%, to Rs 124.20 per kg, with a business turnover of 66 lots. 

Similarly, the metal for delivery in April gained 5 paise, or 0.04%, to Rs 124.25 per kg, with a trade turnover of 1,513 lots.

Market analysts said firming trend at the spot markets on the back of pick-up in demand from consuming industries mainly pushed up lead futures prices here.