Lead futures advance 2.25% driven by spot demand, global cues

Amid a better trend at the spot market on rising demand from battery makers, lead rose 2.25 per cent to Rs 156.95 per kg in futures trade today as speculators built up positions.
Furthermore, a firming trend in base metals overseas supported the upside in metal prices.
At the Multi Commodity Exchange, lead for delivery in December was up Rs 3.45, or 2.25 per cent, at Rs 156.95 per kg, in a business turnover of 962 lots.
Likewise, the metal for delivery in January traded up by Rs 3.25, or 2.11 per cent, at Rs 157.40 per kg in 42 lots.

According to marketmen, rising demand from battery makers at domestic spot markets and strength in base metals at the London Metal Exchange helped lead futures trade higher.