Lead futures gain 0.2% on spot demand

Lead futures rose by 0.24% to Rs 125.10 per kg today as speculators enlarged positions amid rise in domestic spot demand from battery makers.

At the Multi Commodity Exchange, lead for delivery in May traded higher by 50 paise, or 0.40%, at Rs 125.05 per kg, with a turnover of 350 lots.

While, the commodity for delivery in June moved up by 45 paise, or 0.36%, to Rs 126.25 per kg in a turnover of 10 lots.

Marketmen said a firming trend at the domestic spot markets on the back of rising demand from battery makers, influenced lead prices at futures trade.