Lead prices continued their upward trajectory and rose by 1.60 per cent to Rs 121.75 per kg in futures trade today, buoyed by a firming trend overseas amid good spot demand from battery makers.
At the Multi Commodity Exchange, lead for delivery in May added Rs 1.40, or 1.16 per cent, to Rs 121.75 per kg, with a business turnover of three lots.
Likewise, the metal for delivery in March traded higher by 95 paise, or 0.78 per cent, to Rs 122.30 per kg, with an open interest of five lots.
Market analysts said besides a firming trend at the London Metal Exchange, rising demand at the domestic spot markets also influenced lead futures prices here.
Meanwhile, lead advanced 0.7 per cent to $2,689.50 a metric tonne on the London Metal Exchange.