Lead futures up in range-bound trade

In range-bound movements, lead prices moved up by 0.48% to Rs 105.25 per kg in futures trading today as traders built-up fresh positions largely on pick-up in domestic demand and a firming trend in base metals overseas. 

At the Multi Commodity Exchange, lead for delivery in May moved up by 50 paise, or 0.48% to Rs 105.25 per kg, with a business turnover of 1,031 lots.

Likewise, the metal for delivery in June edged up by 45 paise, or 0.47% to Rs 105.70 per kg, with a business volume of 200 lots.

Market analysts said besides a firming trend in base metals at the London Metal Exchange (LME), increased demand from battery makers pushed lead futures prices up.