Lead futures gain marginally

In a range-bound movement, lead prices rose by 0.21 per cent to Rs 120.65 per kg in futures trade today, driven by spot market demand and firming trend at the London Metal Exchange. 

At the Multi Commodity Exchange, lead for January gained 25 paise, or 0.21 per cent to Rs 120.65 per kg, with a trade turnover of 10 lots.

The metal for delivery in February contract edged higher by 20 paise, or 0.17 per cent to Rs 120.70 per kg, with a business volume of four lots.

Market analysts said apart from pick up in demand at the spot market from battery makers, gains in base metals at the London Metal Exchange also influenced the lead prices at futures trade.

Globally, lead added 0.4 per cent to $2,635 a tonne at the London Metal Exchange.