Lead prices edged higher by 0.44% to Rs 103.85 per kg today, as speculators built up fresh positions, supported by a firming trend at the London Metal Exchange on upbeat US economic data.
Also, pick-up in demand at the domestic spot markets also influenced lead futures.
At the Multi Commodity Exchange, December lead edged up by 45 paise, or 0.44%, to Rs 103.85 per kg, clocking a business turnover of 797 lots.
The February delivery moved up by 40 paise, or 0.38%, to Rs 105 per kg, with a business turnover of 73 lots.
At the LME lead gained 0.8% to $1,974 a tonne in early trade today.
Analysts said fresh positions created by speculators driven by a firming trend at the LME as signs of growth in the United States and Germany raised expectations that demand for the industrial metal will increase.
In addition, increased demand form battery makers also supported the upside in lead futures prices.
