Lead futures up on firm demand

Lead prices were trading 0.13 per cent higher at Rs 154.25 per kg in futures trade on Thursday as participants built up fresh positions driven by pick up in demand at the spot market.

On the Multi Commodity Exchange, lead contracts for September delivery edged higher by 20 paise, or 0.13 per cent, to Rs 154.25 per kg in a business volume of 1,824 lots.

Market analysts said fresh positions created by traders due to upsurge in demand from battery makers in the physical market, mainly led to the rise in lead prices.