Lead up by 0.2% on global cues

Better domestic demand also helped prices

Buoyed by a firm global trend and better domestic demand, lead futures traded higher by 0.22% to Rs 114.65 per kg today as speculators enlarged positions.

At the Multi Commodity Exchange, lead for delivery in the current month traded higher by 25 paise, or 0.22%, to Rs 114.65 per kg in a business turnover of 512 lots.

The metal for delivery in July was up by just five paise or 0.04% to Rs 115.60 per kg in 13 lots.

Market analysts said besides better demand from battery-makers and other consuming industries at domestic spot market, firm global trend in select base metals mainly helped lead prices to trade marginally higher in futures market.