Lead futures gain 0.26% on spot demand, global cues

Metal for delivery in July gained 0.18%

Lead futures strengthened by 0.26% to Rs 136.80 per kg today amid demand in the domestic spot market and a firming global trend.

At the Multi Commodity Exchange, lead for delivery in August traded higher by 35 paise, or 0.26%, to Rs 136.80 per kg, with a turnover of 31 lots.

The metal for delivery in July gained 25 paise, or 0.18%, to Rs 136.20 per kg in a business volume of 258 lots.

Marketmen said apart from domestic demand, particularly from battery-makers, the metal's gain in overseas market, supported the upside in lead prices at futures trade.