Lead futures marginally up as spot demand rises

Supported by pick up in demand at spot markets, lead futures traded Rs 0.55, or 0.53 per cent, higher at Rs 84.90 per kg, today as metal softened in global markets.

At the Multi Commodity Exchange, lead for July-month gained Rs 0.55, or 0.53 per cent, to Rs 84.90 per kg, with a turnover of 1,097 lots. 

Similarly, the metal for delivery in August edged higher by Rs 0.40, or 0.47 per cent, to Rs 86.05 per kg, with a turnover of 121 lots. 

Marketmen said firming trend at physical markets followed by good demand from battery makers led to a rise in lead prices in futures trade.