Taking positive cues from the global markets and pick-up in spot market demand, lead prices rose by Rs 2.20 to Rs 105.15 per kg in futures trade today on fresh buying by traders.
At the Multi Commodity Exchange, lead for August delivery rose by Rs 2.20, or 2.14%, to Rs 105.15 per kg, with a business turnover of 2,616 lots.
Likewise, the metal for September delivery traded higher by Rs 2.10, or 2.03%, to Rs 105.55 per kg, with an open interest of 155 lots.
Market analysts attributed to rise in lead prices to firming trend in global markets. Also, increased demand from battery makers supported the uptrend. Meanwhile, lead advanced by 3.2% to $2,327 a tonne on the London Metal Exchange.