Lead gains by 0.2% on spot demand

Lead futures rose by 0.20% to Rs 126.85 per kg today as speculators enlarged positions amid rise in domestic spot demand from battery makers.

At the Multi Commodity Exchange, lead for delivery in December traded higher by 25 paise, or 0.20%, at Rs 126.85 per kg, with a turnover of three lots.

While, the commodity for delivery in current month moved up by 15 paise, or 0.12%, to Rs 125.90 per kg in a turnover of 159 lots.

Marketmen said a firming trend at the domestic spot markets on the back of rising demand from battery makers influenced lead prices at futures trade but a weak trend overseas restricted gains.