 "Lead up 0.5% on spot demand, short-covering")
Lead futures prices today gained 0.56%, to Rs 124.95 per kg, even as the metal weakened at the London Metal Exchange, supported by rising demand from battery-makers at the spot market.
At the Multi Commodity Exchange, lead prices for delivery in July traded 70 paise, or 0.56%, higher at Rs 124.95 per kg, with a turnover of 654 lots.
Lead prices for delivery in August also rose by a similar margin to Rs 125.85 per kg in a business turnover of 67 lots.
Meanwhile, at the London Metal Exchange, lead traded a shade lower at $2,079.50 per tonne.
At the Multi Commodity Exchange, lead prices for delivery in July traded 70 paise, or 0.56%, higher at Rs 124.95 per kg, with a turnover of 654 lots.
Lead prices for delivery in August also rose by a similar margin to Rs 125.85 per kg in a business turnover of 67 lots.
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Analysts said besides short-covering, strong domestic demand from battery-makers also influenced lead prices at futures trade. But the metal's weakness overseas restricted gains.
Meanwhile, at the London Metal Exchange, lead traded a shade lower at $2,079.50 per tonne.