Lead gains in futures trade as spot demand pick up

Buoyed by a firming trend overseas and pick up in demand, lead prices gained Rs 0.75 to Rs 102.65 per kg in futures trade today.

Fresh enquiries from battery manufacturing units also influenced the trading sentiment in futures market.

At the Multi Commodity Exchange platform, lead for October month gained Rs 0.75, or 0.74 per cent, to Rs 102.65 per kg, with a business turnover of 18 lots.

Similarly, the metal for delivery in November edged up by Rs 0.70, or 0.68 per cent, to Rs 103.55 per kg, with a business volume of five lots.

Analysts said firming trend at physical markets and gains in base metals overseas boosted the rise in lead futures here.