Lead futures up 1.49% on global cues

Lead futures prices traded higher by Rs 2.40, or 1.49 per cent, to Rs 109.05 per kg today on pick up in demand at spot markets amid a firming global trend.

At the Multi Commodity Exchange counter, lead delivery for November rose Rs 2.40, or 1.49 per cent, to Rs 109.05 per kg, with a business volume of four lots.

Similarly, the metal for delivery in October moved up by Rs 1.45, or 1.36 per cent, to Rs 108.15 per kg, with a business turnover of 15 lots.

Analysts said firming trend in base metals overseas and pick-up in demand from car battery makers, led to a rise in lead futures prices.

Meanwhile, lead gained 0.6 per cent to $2,450 a metric tonne on the London Metal Exchange, the highest level since January 2010.