Lead futures gain 0.15% on firm spot demand

Taking positive cues from the global market and rising demand at domestic spot markets, lead prices today rose 0.13 per cent to Rs 116.95 per kg as speculators enlarged positions.
At the Multi Commodity Exchange, lead for delivery in May traded 15 paise, or 0.13 per cent higher, at Rs 116.95 per kg, with a turnover of 550 lots.
Also, metal for delivery in June rose by a similar margin to trade at Rs 117.70 per kg in 22 lots.
Marketmen said the rise in lead futures was mostly supported by rising demand from battery-makers in the domestic spot markets and firming trend in industrial metals at the London Metal Exchange.