Lead futures up on spot demand

Lead prices were trading 0.32 per cent higher at Rs 154.75 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 50 paise, or 0.32 per cent, to Rs 154.75 per kg in a business volume of 1,233 lots.

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