Lead up by 0.4% on spot demand

Lead futures strengthened by 0.37% to Rs 109.30 per kg today as speculators built up bets on rising demand in the domestic spot market and a firming trend overseas.

At Multi Commodity Exchange, lead for delivery this month was trading higher by 40 paise, or 0.37%, at Rs 109.30 per kg, with a turnover of 245 lots.

Metal for delivery in February also edged higher by a similar margin to trade at Rs 109.75 per kg, in a business volume of two lots.

Marketmen said that apart from pick-up in domestic demand, particularly from battery-makers, gains in base metals at the London Metal Exchange supported the upside in lead futures here.