Lead prices rose by 0.51 per cent to Rs 118.90 per kg in futures trading today amid fresh buying influenced by a pick-up in demand in the spot market and a firming trend on the London Metal Exchange.
At the Multi Commodity Exchange, lead for April contract delivery gained 60 paise, or 0.51 per cent, to Rs 118.90 per kg, with a business turnover of two lots.
Similarly, February futures contracts for the metal edged up by 35 paise, or 0.30 per cent, to Rs 118.60 per kg, with an open interest in seven lots.
Market analysts said fresh buying by speculators amid a pick-up in demand in the spot market, with battery-makers indulging in brisk buying, helped lead futures trade higher.
Meanwhile, at the London Metal Exchange, lead climbed by 1.4 per cent to $2,620 per tonne.
