Lead futures strengthened 0.37 per cent to Rs 121.30 per kg today as speculators built up bets on rising demand in the domestic spot market and a firming trend overseas.
At the Multi Commodity Exchange, lead for delivery in the April was trading higher by 45 paise, or 0.37 per cent, at Rs 121.30 per kg, with a turnover of 20 lots.
The metal for delivery this month edged higher by 30 paise, or 0.25 per cent, to Rs 120.50 per kg, in a business volume of 212 lots.
Marketmen said that apart from pick-up in domestic demand, mainly from battery-makers, firming trend in the London Metal Exchange (LME) as improved sentiment in China bolstered base metals prices and iron ore, supported the upside in lead futures.
