 "Lead up 0.3% on industrial demand")
Supported by rising demand from battery-makers at domestic spot markets, lead prices moved up by 0.28% to Rs 134.60 per kg in futures trade today as speculators created fresh positions.
However, weakness in entire base metals pack at the London Metal Exchange (LME) limited the gains.
At the Multi Commodity Exchange, lead for delivery in November moved up by 35 paise, or 0.28%, to Rs 127.30 per kg in business turnover of three lots.
Market analysts said apart from rising demand from battery-makers, covering-up of short positions by speculators, influenced lead future prices.
However, weakness in entire base metals pack at the London Metal Exchange (LME) limited the gains.
At the Multi Commodity Exchange, lead for delivery in November moved up by 35 paise, or 0.28%, to Rs 127.30 per kg in business turnover of three lots.
More From This Section
Likewise, the metal for delivery in next month traded up by 20 paise, or 0.16%, to Rs 128.10 per kg in 200 lots.
Market analysts said apart from rising demand from battery-makers, covering-up of short positions by speculators, influenced lead future prices.