Lead prices moved up by Rs 1.40 to Rs 123.15 per kg in futures trading today as traders enlarged their positions, driven by a firming global trend.
A firm trend at the spot markets following increased demand from battery-makers further fuelled the uptrend.
At the Multi Commodity Exchange, lead for delivery in July rose by Rs 1.40, or 1.15%, to Rs 123.15 per kg, with a business turnover of 5,328 lots.
Similarly, the metal for August delivery gained Rs 1.35, or 1.10%, to Rs 123.75 per kg, with a trade volume of 372 lots.
Traders said a firming trend in base metals in global market and increased demand from battery-makers mainly helped lead futures prices to trade higher. Meanwhile, lead climbed 0.8% to $2,753 a tonne on the London Metal Exchange.
