Lead futures trade higher by 0.32%

Lead futures inched up by 0.32 per cent to Rs 124.45 per kg in futures trade today as participants raised their bets amid pick up in demand at the domestic spot markets.

At the Multi Commodity Exchange, lead for delivery this month edged up by 40 paise or 0.32 per cent to Rs 124.45 per kg in business turnover of 351 lots.

Likewise, the metal for delivery in August traded higher by 20 paise or 0.16 per cent to Rs 125.50 per kg in 15 lots.

Analysts said increased demand from battery makers in the spot market influenced lead prices at futures trade but metal's weakness overseas limited the losses.