 "Lead gains 0.3% on spot demand, global cues")
Lead prices gained 0.33% to Rs 122.15 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand from battery makers in the spot market.
Firm global trend also supported the upsurge.
At the Multi Commodity Exchange, lead for delivery in July gained 40 paise, or 0.33% to Rs 122.15 per kg in business turnover of 4,172 lots.
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Likewise, the metal for delivery in August contract edged up by 35 paise, or 0.29% to Rs 122.95 per kg in 387 lots.
Market analysts said speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand from battery makers amid a firm global trend, mainly influenced lead prices at futures trade.
Meanwhile, lead gained 0.4% to $2,062 a tonne at the London Metal Exchange.