Lead rises by 0.3% on spot demand

Firm global trend in base metals also helped lead prices

Buoyed by a firm global trend and better domestic demand, lead futures traded higher by 0.26% to Rs 115.20 per kg today on buying by speculators.

At the Multi Commodity Exchange, lead for delivery in April was higher by 30 paise, or 0.26%, to Rs 115.20 per kg in a business turnover of two lots.

The metal for delivery in current month was up by 20 paise, or 0.18%, to Rs 114.40 per kg in 319 lots.

Market analysts said besides better demand in spot market, firm global trend in base metals mainly helped lead to trade a shade higher in futures market.