Lead up marginally on overseas trend

Pick up in spot demand from battery-makers supports uptrend

Taking positive cues from the global markets, lead futures prices today edged up by 0.10% to Rs 109.40 per kg after speculators enlarged positions.

Pick up in demand from battery-makers helped lead to trade higher at futures trade.

At the Multi Commodity Exchange, lead for delivery in October traded 15 paise, or 0.10% higher, at Rs 109.40 per kg, with a turnover of 2,264 lots.

November lead rose by a similar margin to trade at Rs 109.75 per kg, with a turnover of 236 lots.

Marketmen said besides domestic demand, a firm trend in copper and other base metals at the London Metal Exchange (LME) after data showed China's imports gained last month supported the upside in lead futures prices.