Tracking a firming trend at the London Metal Exchange, lead strengthened to trade Rs 1.30, or 1.60 per cent higher at Rs 82.35 per kg in futures trading today.
Good demand at the domestic markets for the metal from the consuming industries, also influenced lead futures prices. At the Multi Commodity Exchange, lead for delivery in May contract gained Rs 1.30, or 1.60 per cent, to Rs 82.35 per kg, with a business turnover of 7,782 lots.
The metal for delivery in June-month contract also moved up by Rs 1.20, or 1.46 per cent, to Rs 83.45 per kg, with an open interest of 2,353 lots.
Market analysts said besides firming trend at the spot markets from the consuming industries, rebound in entire base metals pack at the global markets helped the lead futures to rise.
At the London Metal Exchange, lead shot up by $35, or 1.99 per cent, at $1,790 per tonne.