 "Lead gains by 0.6% on spot demand")
Buoyed by pick-up in domestic demand and positive global cues, lead futures edged higher by 0.59% to Rs 111.60 per kg today as speculators enlarged positions.
At Multi Commodity Exchange, lead for delivery in November was trading higher by 50 paise or 0.59% to Rs 111.60 per kg, with a turnover of 1,798 lots.
The metal for delivery in December also gained 55 paise, or 0.49% to trade at Rs 112.55 per kg in 36 lots.
Marketmen said apart from domestic demand, particularly from battery-makers, gains in copper and other base metals in overseas market, supported the upside in lead prices in futures trade.
At Multi Commodity Exchange, lead for delivery in November was trading higher by 50 paise or 0.59% to Rs 111.60 per kg, with a turnover of 1,798 lots.
The metal for delivery in December also gained 55 paise, or 0.49% to trade at Rs 112.55 per kg in 36 lots.
Marketmen said apart from domestic demand, particularly from battery-makers, gains in copper and other base metals in overseas market, supported the upside in lead prices in futures trade.