Amid a firm spot markets trend on the back of pick-up in demand from battery makers, lead prices rose by 1.84% to Rs 105.35 per kg in futures trade today.
However, weak trend at the London Metal Exchange (LME) after the Standard and Poor's downgraded the US' credit rating, restricted the gains.
At the Multi Commodity Exchange, lead for August delivery traded higher by Rs 1.90, or 1.84%, to Rs 105.35 per kg, with a business turnover of 4,092 lots. Likewise, the metal for September delivery edged up by Rs 1.85, or 1.83%, to Rs 105.75 per kg, with a trade turnover of 4,092 lots.
Analysts said a firm trend at the spot markets on the back of demand from battery makers helped lead prices to rise at futures market, but a weak trend at the LME restricted the gains.
Meanwhile, lead slid by 2% to $2,315 a tonne on the London Metal Exchange.