Lead futures up 0.24% on global cues

In range-bound futures trade, lead futures prices edged up by 0.24 per cent to Rs 105.80 per kg today, as speculators enlarged their positions. 

Pick up in demand at the domestic markets also supported the rise in lead futures prices. 

At the Multi Commodity Exchange platform, lead for delivery in October rose by 25 paise, or 0.24 per cent, to Rs 105.80 per kg, with a business turnover of 910 lots.

Similarly, the metal for delivery in November gained 10 paise, or 0.09 per cent, to Rs 1,06.65 per kg, with a business volume of 29 lots.

Analysts said fresh positions created by speculators in tandem with a firming trend in base metals overseas, mainly led to a rise in lead futures prices.

 

Pick up in demand from battery manufacturers further fuelled the uptrend, they said.