In range-bound movements, lead futures prices edged higher by 0.37% to Rs 109.90 per kg today, as speculators built up fresh positions, supported by a firming trend at the spot markets on strong demand.
However, weakness in metal at the London Metal Exchange (LME), limited the gains.
At the Multi Commodity Exchange, lead for delivery in January edged up by 40 paise, or 0.37%, to Rs 109.90 per kg, clocking a business turnover of 23 lots.
In a similar fashion, the metal for delivery in December moved up by 25 paise, or 0.23%, to Rs 108.90 per kg, with a business turnover of 754 lots.
At the LME lead fell 0.5% to $2,115 a tonne in early trade today.
Analysts said fresh positions created by speculators driven by pick up in spot demand from battery-makers influenced lead prices but losses in metal at the LME, limited the gains.
