Lead prices advanced by 0.44 per cent to Rs 159.35 per kg in futures trading today as speculators built up fresh positions, taking positive cues from the spot market on soaring demand from battery makers.
At the Multi Commodity Exchange, lead for delivery in May edged up by 70 paise, or 0.44 per cent to Rs 159.35 per kg in business turnover of 678 lots.
On similar lines, the metal for delivery in June was trading higher by a similar margin of Rs 160.20 per kg in 16 lots.
Analysts said fresh positions created by traders, triggered by rising demand from battery-makers in the physical markets, mainly influenced lead prices at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
