Lead futures rise 0.82% as demand picks up

Lead prices traded higher by 0.82 per cent to Rs 141.35 per kg in futures trade today as participants built up fresh positions, driven by an upsurge in demand at the spot market.

At the Multi Commodity Exchange, lead for delivery in August rose by Rs 1.15, or 0.82 per cent to Rs 141.35 per kg in business turnover of 2,169 lots.

Likewise, the metal for delivery in September edged up by 70 paise or 0.49 per cent to Rs 142.15 per kg in 30 lots.

Analysts said fresh positions created by participants due to an uptick in demand from battery-makers in the physical market led to the rise in lead prices in futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)