Lead up 0.7% on spot demand

Lead prices went up by 0.70% to Rs 115.65 per kg in futures trade today as traders enlarged their positions amid rising demand at domestic spot market.

At the Multi Commodity Exchange, lead for delivery in the current month rose by 80 paise or 0.70% to Rs 115.65 per kg in a business turnover of 940 lots.

The metal for delivery in July edged up by 75 paise or 0.65% to Rs 116.45 per kg in 52 lots.

Market analysts said rising demand from battery-makers in the domestic spot markets kept lead prices higher at futures trade but weakness in the base metals pack at the London Metal Exchange on global growth concerns, limited the gains.