Lead up 0.52% on global cues

Industrial demand also took prices higher

Lead prices edged up by 0.52% to Rs 106.90 per kg in futures trading today as speculators enlarged their positions, supported by a firming trend at the London Metal Exchange and rising spot demand.

At the MCX, lead for delivery in June inched up by 55 paise, or 0.52%, to Rs 106.90 per kg, with a business turnover of 891 lots.

The July contract traded up by 55 paise, or 0.51%, to Rs 107.80 per kg, with a business turnover of 37 lots.

Analysts said, a firming trend in global markets as pro-bailout parties won in general elections in Greece, eased fears of global financial turmoil, thus taking base metal prices higher.

Meanwhile, lead advanced 0.9% to $1,940 a tonne in early trade on the London Metal Exchange.