Lead up 1.1% as demand picks up

Metal for delivery in August edged up by 1.00%

Lead prices rose over one% to Rs 135.30 per kg in futures trading today as speculators enlarged positions amid a firm trend at spot market on pick-up in demand from battery-makers.

At the Multi Commodity Exchange, lead for delivery in July traded higher by Rs 1.45, or 1.08%, to Rs 135.30 per kg in a business turnover of 2,792 lots.

Similarly, the metal for delivery in August edged up by Rs 1.35, or 1.00%, to Rs 136 per kg in 257 lots.

Analysts said besides a firming trend in the metal at the London Metal Exchange, rising demand from battery-makers in the spot markets influenced lead prices at futures trade here.