Lead futures prices traded marginally higher by 0.17 per cent in futures trade today as speculators enlarged their positions, taking positive cues from the global market.
At the Multi Commodity Exchange, lead for February contract traded marginally higher by 30 paise, or 0.17 per cent, to Rs 119.25 per kg, with a business turnover of five lots.
Similarly, the metal for delivery in March contract gained 15 paise, or 0.13 per cent, to Rs 119.10 per kg, with a business volume of two lots.
Market analysts attributed the price rise to increased demand in the spot market from battery makers along with a firming trend at London Metal Exchange, on better outlook for base metals following a higher US economic growth forecast by the Federal Reserve.
At the LME, lead was trading 1.2 per cent higher at $2,623 a tonne.