 "Lead up 0.3% on spot demand")
Lead prices edged up by 0.31% to Rs 131.20 per kg in futures trade today as speculators created fresh positions on rise in demand from battery-makers in the spot market amid a firming trend overseas.
At the Multi Commodity Exchange, lead for delivery in February edged up by 40 paise, or 0.31%, to Rs 131.20 per kg in a business turnover of 241 lots.
Likewise, the metal for delivery in March traded higher by 40 paise, or 0.30% to Rs 132.35 per kg in five lots.
Market analysts said apart from fresh positions built by speculators on the back of a rise in demand from battery makers, a firming trend in select base metals at the London Metal Exchange led to rise in lead prices at futures trade.
At the Multi Commodity Exchange, lead for delivery in February edged up by 40 paise, or 0.31%, to Rs 131.20 per kg in a business turnover of 241 lots.
Likewise, the metal for delivery in March traded higher by 40 paise, or 0.30% to Rs 132.35 per kg in five lots.
Market analysts said apart from fresh positions built by speculators on the back of a rise in demand from battery makers, a firming trend in select base metals at the London Metal Exchange led to rise in lead prices at futures trade.