Taking firm cues from the London Metal Exchange, lead continued its upward march and traded Rs 1.40 or 1.52 per cent higher at Rs 93.45 per kg in futures trading today.
Pick up in demand at the domestic spot markets for the metal from consuming industries, also influenced lead futures prices. At the Multi Commodity Exchange, lead for delivery in May contract gained Rs 1.40, or 1.52 per cent to Rs 93.45 per kg, with a business turnover of 1,056 lots.
The metal for delivery in June-month contract also moved up by Rs 1.40, or 1.50 per cent to Rs 94.50 per kg, clocking a turnover of 100 lots.
Market analysts said besides firm trend at the spot market on the back of pick up in demand from consuming industries, rebound in entire base metals pack at the London Metal Exchange also helped the lead futures to rise.
At the London Metal Exchange, lead shot up by $23, or 1.13 per cent at $2,065 per tonne.