Lead up 0.8% on global cues, spot demand

Taking positive cues from the global market and pick up in demand at domestic spot markets, lead prices went up by 0.88% to Rs 115.15 per kg in futures trade today as traders enlarged their positions.

At the Multi Commodity Exchange, lead for delivery in current month rose by Re 1 or 0.88% to Rs 115.15 per kg in a business turnover of 803 lots.

Likewise, the metal for delivery in July edged up by 85 paise or 0.85% to Rs 115.85 per kg in 59 lots.

Market analysts said apart from a firm trend in base metals in global markets, uptick in demand from battery-makers in the domestic spot markets kept lead prices higher at futures trade.