Lead prices edged up by 0.71% to Rs 106.55 per kg in futures trading today as speculators enlarged their positions, supported by a firming trend at the London Metal Exchange and rising spot demand.
At the MCX, lead for delivery in June inched up by 75 paise, or 0.71%, to Rs 106.55 per kg, with a business turnover of 4,571 lots.
The July contract traded up by 70 paise, or 0.66%, to Rs 107.25 per kg in 144 lots.
Analysts said apart from a firming trend in global markets on speculation speculation that demand will gain for the metals, pick-up in spot demand from battery-makers mainly kept lead prices higher at futures trade.
Meanwhile, lead advanced 0.7% to $1,913 a tonne on the London Metal Exchange.