Lead futures up on spot demand

Lead traded higher by 0.46 per cent to Rs 121 per kg in futures trade today due to rise in demand from battery markets in the spot market.

At the Multi Commodity Exchange,lead for delivery in September traded higher by 55 paise,or 0.46 per cent,to Rs 121 per kg,with a business turnover of 8,864 lots.

Likewise,the metal for delivery in October edged up by 40 paise,or 0.33 per cent,to Rs 121.05 per kg,with an open interest of 6,189 lots.

Marketmen attributed the rise in lead futures to pick up in demand from battery markers in the spot market.