Supported by a firming trend in the entire base metals pack overseas and rising spot demand, lead traded 0.92% higher at Rs 109.25 per kg in futures trade today.
At the Multi Commodity Exchange, lead for August delivery edged up by Re 1, or 0.92%, to Rs 109.25 per kg, with a trade turnover of 938 lots.
The metal for September delivery also gained 95 paise, or 0.87%, to Rs 109.70 per kg, with a turnover of 97 lots.
Analysts said a firming trend in copper and other base metals at the London Metal Exchange, boosted by an overnight rebound in US and European markets and better-than-estimated US jobless claims data, influenced lead prices at futures trade here.
In addition, pick-up in demand from battery-makers and other consuming industries supported the upside in prices, they added.
