Lead futures up 0.45 pc as demand picks up

Lead prices moved up by 0.45 per cent to Rs 133.50 per kg in futures trade today as speculators enlarged their positions, driven by pick up in spot market demand.

At the Multi Commodity Exchange, lead for delivery in January moved up by 60 paise, or 0.45 per cent to Rs 133.50 per kg in business turnover of 1029 lots.

Likewise, the metal for delivery in February edged up by 45 paise, or 0.41 per cent to Rs 134.80 per kg in 64 lots.

Market analysts attributed the rise in lead futures to speculators enlarged their positions due to pick up in demand in the spot market.