Lead futures gain marginally on fresh bets

Lead prices on Friday traded higher by 50 paise to Rs 153.70 per kg in futures trade as participants built up fresh positions driven by pick-up in demand at spot market.

On the Multi Commodity Exchange, lead for delivery in December edged higher by 50 paise, or 0.33 per cent, to Rs 153.70 per kg in a business volume of 934 lots.

Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers in physical market mainly helped lead prices to trade higher.