Lead prices edged higher by 0.28% to Rs 108.40 per kg today as speculators built fresh positions, supported by a firming trend at the London Metal Exchange (LME).
Pick-up in demand at the domestic spot markets also influenced lead futures.
At the Multi Commodity Exchange, January lead edged up by 30 paise, or 0.28%, to Rs 108.40 per kg, clocking a business turnover of 162 lots.
The February contract moved up by 25 paise, or 0.23%, to Rs 109.25 per kg, with a business turnover of six lots.
At the LME, lead gained 0.7% to $2,049 a tonne in early trade today.
Analysts said fresh positions created by speculators, driven by a firming trend at the LME as an expansion in China's manufacturing boosted expectations that demand for industrial metals will increase in the world's second-largest economy.
Besides, increased demand form battery makers also supported the upside in lead futures prices.
