Lead prices rose by Rs 2.35 or 2.69 per cent in futures trading as traders engaged in creating positions, supported by pick up in domestic demand at the physical markets amid firming trend overseas.
At the Multi Commodity Exchange, lead for July-month gained Rs 2.35 or 2.69 per cent, to Rs 89.60 per kg, with a turnover of 4,976 lots.
Similarly, the metal for delivery in August edged higher by Rs 2.20 or 2.49 per cent, to Rs 90.55 per kg, with a turnover of 1,357 lots.
Trade analysts said firming trend at physical markets on good demand from battery makers and strengthening base metals at the London Metal Exchange and optimism about global economic recovery after the US companies lifted their profits forecasts, influenced lead prices at futures market here.
