Lead futures trade higher on spot demand

Tracking a firming trend at the domestic markets on better demand, lead futures traded higher by 0.13 per cent to Rs 115.45 per kg today on increased positions built up by speculators.

At the Multi Commodity Exchange, lead for delivery in May traded higher by 15 paise, or 0.13 per cent, to Rs 115.45 per kg in a business turnover of 193 lots.

The metal for delivery in June was up by a similar margin to trade at Rs 116.20 per kg in six lots.

Market analysts said better demand from battery-makers in spot market mainly helped lead prices trade a shade higher in futures market but a weak trend overseas limited the gains.