Lead futures edge higher 0.48% on positive spot cues

Lead prices edged up by 0.48 per cent to Rs 147.95 per kg in futures market today as traders built up fresh positions, taking positive cues from spot market on uptick in demand.

At the Multi Commodity Exchange, lead for delivery in September edged higher by 70 paise, or 0.48 per cent to Rs 147.95 per kg in business turnover of 2 lots.

On similar lines, the metal for delivery in August was trading higher by 60 paise, or 0.41 per cent to Rs 149.95 per kg in 200 lots.

Analysts said fresh positions created by traders due to pick up in demand from battery-makers in the physical market mainly led to the rise in lead prices at futures trade.