Lead futures advance 1.44 pc driven by spot demand

Lead rose 1.44 per cent to Rs 165.70 per kg in futures trade today as speculators built up positions supported by rising demand at the domestic spot markets.
At the Multi Commodity Exchange, lead for delivery in current month was up by Rs 2.35, or 1.44 per cent, at Rs 165.70 per kg, in a business turnover of 418 lots.
Metal for delivery in November too rose by a similar margin to trade at Rs 166 per kg in 8 lots.
According to market analysts, rising demand from battery makers at spot markets influenced lead prices at futures trade here.