Amid rising demand from consuming industries at spot market, lead prices rose 0.11 per cent to Rs 142 per kg Monday in futures market as speculators built up fresh positions despite a weak trend in base metals.
At the Multi Commodity Exchange, lead for delivery in current month was trading higher by 15 paise, or 0.11 per cent, at Rs 142 per kg in a business turnover of 878 lots.
Market analysts said fresh positions created by traders amid pick up in demand from battery-makers in the spot market, supported the rise in lead prices but a weak trend in the base metals pack overseas on on weak US manufacturing data, restricted gains.
In Asian trade, lead fell further by 1.16 per cent at Shanghai.
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