Lead prices traded higher by 0.13 per cent to Rs 154.50 per kg in futures trade on Monday as participants built up fresh positions driven by pick-up in demand at the spot market.
On the Multi Commodity Exchange, lead for delivery in September edged higher by 20 paise, or 0.13 per cent, to Rs 154.50 per kg in a business volume of 1,095 lots.
Lead contracts for October delivery traded up by 40 paise, or 0.26 per cent, to Rs 154.70 per kg in a business turnover of 1,133 lots.
Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers in the physical market mainly helped lead prices to trade higher.
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