Lead prices edged higher by 0.46 per cent to Rs 130.60 per kg in futures trade today after participants created fresh positions supported by pick up in demand from battery makers in the spot market.
At the Multi Commodity Exchange, lead for delivery in July edged up by 60 paise, or 0.46 per cent to Rs 130.60 per kg in business turnover of 334 lots.
Likewise, the metal for delivery in June contract traded higher by 55 paise, or 0.43 per cent to Rs 129.30 per kg in 2217 lots.
Analysts said besides rising demand from battery-makers, a firming trend at the London Metal Exchange, amid speculation the US economy will rebound from a worse-than-estimated contraction in the first quarter, mainly influenced lead prices at futures trade.
