 "Lead edges up on spot demand")
Lead prices edged up by 0.31% to Rs 114 per kg in futures trade today as speculators created fresh positions, driven by a rise in demand from battery-makers in the spot market.
At the Multi Commodity Exchange (MCX), lead for delivery in May edged up by 35 paise, or 0.31% to Rs 114 per kg in 5,535 lots.
The June contract traded higher by the same margin to Rs 114.45 per kg in 480 lots.
Market analysts said fresh positions built by speculators on the back of a rise in demand from battery-makers in the spot market mainly led to rise in lead prices at futures trade.
At the Multi Commodity Exchange (MCX), lead for delivery in May edged up by 35 paise, or 0.31% to Rs 114 per kg in 5,535 lots.
The June contract traded higher by the same margin to Rs 114.45 per kg in 480 lots.
Market analysts said fresh positions built by speculators on the back of a rise in demand from battery-makers in the spot market mainly led to rise in lead prices at futures trade.