Lead prices moved up by 0.63% in futures trading today as traders built-up fresh positions largely on pick-up in domestic demand even as the metal weakened at the London Metal Exchange.
At the Multi Commodity Exchange, lead for July delivery moved up by 75 paise, or 0.63%, to Rs 120.15 per kg, with a business turnover of 1,576 lots.
Likewise, the metal for August delivery rose by the same margin to Rs 120.75 per kg, with a trade turnover of 136 lots.
Market analysts said increased demand from battery makers at the domestic markets helped lead futures to trade higher but metal's weakness at the London Metal Exchange capped the gains.
Meanwhile, lead lost 0.4% to $2,690 a tonne.