Lead prices edged higher by 0.85 per cent to Rs 142.25 per kg in futures trade today after traders widened their bets amid pick-up in demand at the domestic spot market.
At Multi Commodity Exchange, lead for delivery for the current month rose by Rs 1.20, or 0.85 per cent, to Rs 142.25 per kg in a business turnover of 1,288 lots.
The metal for delivery in August edged up by Rs 1.15, or 0.81 per cent, to Rs 143.30 per kg in 25 lots.
Market analysts said uptick in demand from battery-makers in the domestic spot markets kept lead prices higher in futures trade, but weakness in select base metals overseas squeezed the gains.
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