Lead futures strengthened by 0.45 per cent to Rs 123.60 per kg today as speculators built up bets on rising demand in the domestic spot market and a firming trend overseas.
At Multi Commodity Exchange, lead for delivery in the current month was trading higher by 55 paise, or 0.45 per cent, at Rs 123.60 per kg, with a turnover of 382 lots.
The metal for delivery in April edged higher by 55 paise, or 0.44 per cent, to Rs 124.20 per kg, in a business volume of six lots.
Marketmen said that apart from pick-up in domestic demand, mainly from battery-makers, gains in base metals in the London Metal Exchange supported the upside in lead futures, which followed a weak dollar and analyst projections that the worst of the commodity rout may be over.
