Lead futures up on higher global trend

Lead futures prices rose by Rs 1.20 to Rs 105.15 per kg today, as speculators created fresh positions due to a rising demand by car battery makers.

A firm trend at the London Metal Exchange (LME) also boosted the metal's futures prices.

At the Multi Commodity Exchange counter, lead for December month gained Rs 1.20, or 1.15 per cent to Rs 105.15 per kg, with a business turnover of four lots.

Similarly, the metal for delivery in November contract gained Rs 1.15, or 1.12 per cent to Rs 104.15 per kg, with a business volume of three lots.

Market analysts said pick up in demand from car battery manufacturers amid a firm trend in global markets pushed up lead futures prices.

Meanwhile, lead advanced 1.4 per cent to $2,309 a tonne on the LME.