Lead up 3.7% on spot demand, global cues

Lead for delivery in September traded higher by 3.57%

Lead prices rose by 5.60 to Rs 155.10 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 August rose by Rs 5.60, or 3.75% to Rs 155.10 per kg in business turnover of 2,600 lots.

Likewise, lead for delivery in September traded higher by Rs 5.35, or 3.57% to Rs 155.05 per kg in 73 lots.

Market analysts said speculators built-up positions on the back of a rise in demand from battery-makers in the spot market amid a firm global trend mainly pushed up lead prices at futures trade.