Lead prices inched up by 0.52 per cent to Rs 155 per kg in futures market today as speculators built up fresh positions, taking positive cues from spot market on upsurge in demand from battery makers.
At the Multi Commodity Exchange, lead for delivery in May edged higher by 80 paise, or 0.52 per cent, to Rs 155 per kg in business turnover of 19 lots.
Likewise, the metal for delivery in April contracts was trading higher by 75 paise, or 0.49 per cent, to Rs 153.95 per kg in 531 lots.
Market analysts attributed the rise in lead futures to fresh position created by traders after uptick in demand from battery makers in the physical markets.
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