Lead rises by 0.6% on spot demand

Lead prices rose by 0.60% to Rs 126.75 per kg in futures trading today as speculators created fresh positions, driven by pick up in demand in the spot market.

At the Multi Commodity Exchange, lead for delivery in January next year moved up by 75 paise, or 0.60% to Rs 126.75 per kg in business turnover of 11 lots.

Likewise, the metal for delivery in December contract traded higher by 65 paise, or 0.52% to Rs 125.90 per kg in 734 lots.

Analysts attributed rise in lead futures to pick up in demand from battery-makers in the spot market.