Lead futures harden by 0.73 percent on positive spot cues

Lead prices edged up by 0.73 percent to Rs 144.95 per kg in futures market Friday as speculators raised their bets, taking positive cues from spot market on an uptick in demand.

At the Multi Commodity Exchange, lead for delivery in

September rose by Rs 1.05, or 0.73 percent to Rs 144.95 per kg in business turnover of 1210 lots.

Similarly, the metal for delivery in October traded higher by 85 paise, or 0.59 percent to Rs 146 per kg in 42 lots.

Analysts said widening of positions by traders after an upsurge in demand from battery markers in the physical market, mainly influenced lead prices at futures trade.