Lead prices moved up by 0.93 per cent to Rs 147.20 per kg in futures trading today as speculators raised their bets, driven by uptick in demand at the spot markets.
At the Multi Commodity Exchange, lead for delivery in August went up by Rs 1.35, or 0.93 per cent to Rs 147.20 per kg in business turnover of 381 lots.
Similarly, the metal for delivery in September was trading higher by Rs 1.35, or 0.92 per cent to Rs 148.50 per kg in 260 lots.
Analysts said widening of positions by traders due to upsurge in demand from battery markers in the physical market, mainly attributed the rise in lead prices at futures trade.
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