Lead up 0.3% on spot demand, global cues

Lead for delivery in September traded higher by 0.26%

Lead prices rose by 0.37% to Rs 135.80 per kg in futures market today as speculators built-up positions, driven by pick-up in demand from battery makers in the spot market amid a firm global trend.

At the Multi Commodity Exchange, lead for delivery in October rose by 50 paise, or 0.37%, to Rs 135.80 per kg in business turnover of 83 lots.

Likewise, lead for delivery in September traded higher by 35 paise, or 0.26%, to Rs 134.70 per kg in 1,889 lots.

Market analysts attributed the rise in lead prices at futures trade to rising demand from battery-makers in the spot market and a firming trend in the global market.