 "Spot demand lifts lead futures, up 0.32%")
Lead prices moved up by 0.32% to Rs 126.60 per kg in futures trade today as participants enlarged their exposure, driven by pick-up in spot market demand.
Besides, strength in base metals pack at the London Metal Exchange (LME) supported the upside.
At the Multi Commodity Exchange, lead for delivery in current month moved up by 40 paise, or 0.32%, to Rs 126.60 per kg in a business turnover of 1,021 lots.
The metal for delivery in March edged up by 35 paise, or 0.28%, to trade at Rs 126.85 per kg in a business volume of 65 lots.
Market analysts attributed the rise in lead futures to speculators widening their bets following pick-up in demand from battery-makers in the spot market and a better trend in metal at LME restricted gains.
