Lead prices rose by Rs 1.40 to Rs 122.90 per kg in futures trade today on pick-up in demand from battery makers in the spot market amid a firming global trend.
At the Multi Commodity Exchange, lead prices for July delivery rose by Rs 1.40, or 1.15%, to Rs 122.90 per kg, with a business turnover of 4,378 lots.
Likewise, the metal for August delivery gained Rs 1.35, or 1.10%, to Rs 123.55 per kg, with an open interest of 350 lots.
Market analysts said pick-up in demand from battery makers in the spot market amid a firming global trend mainly pushed up lead futures prices.
Meanwhile, lead gained 0.6% to $2,746 a tonne on the London Metal Exchange.