Lead up 0.3% on global cues, spot demand

Delivery in October month contracts up by 0.16%

Taking positive cues from the global market and rising demand at domestic spot market, lead futures prices today rose 0.32% to Rs 126.20 per kg as speculators enlarged positions mostly.

At the Multi Commodity Exchange, lead for delivery in September traded 40 paise, or 0.32%, higher at Rs 126.20 per kg, with a turnover of 410 lots, while delivery in October month contracts up by 20 paise, or 0.16%, to Rs 127.25 per kg in a turnover of 46 lots.

Marketmen said the rise in lead futures was mostly supported by rising demand from battery-makers in the domestic spot markets and firming trend in industrial metals at the London Metal Exchange.