Lead up 0.2% on global cues, spot demand

Firm trend in base metals at the LME, rising demand supported the upside

Lead futures prices today rose by 0.20% to Rs 126.05 per kg as speculators enlarged positions mostly on the back of rising domestic spot demand from battery-makers.

At the Multi Commodity Exchange, lead for delivery in current month traded 25 paise, or 0.20%, higher at Rs 126.05 per kg, with a turnover of 106 lots.

Marketmen said besides a firm trend in base metals at the London Metal Exchange, rising demand from battery-makers in the spot markets, supported the upside in lead futures prices here.