Spot demand lifts lead futures by 1.02%

Lead prices rose by 1.02 per cent to Rs 147.85 per kg in futures market today as speculators created fresh positions after uptick in demand at the spot market.

At the Multi Commodity Exchange, lead for delivery in September rose by Rs 1.50, or 1.02 per cent, to Rs 147.85 per kg in business turnover of 654 lots.

Analysts said fresh positions built up by traders following pick up in demand from battery markers in the physical market, attributed to the rise in lead prices in futures trade.