Lead futures up on spot demand, overseas cues

NEW DELHI, May 9:  Lead futures prices today gained 0.16 per cent to Rs 125.55 per kg on rising demand in spot markets and positive cues from global markets.
At the Multi Commodity Exchange, lead for delivery in May traded 20 paise, or 0.16 per cent, higher at Rs 125.55 per kg, with a turnover of 161 lots.
The metal for delivery in June also rose by a similar margin to trade at Rs 126.75, in a business turnover of 7 lots.
Analysts said besides strong domestic demand from battery-makers, a firming trend in copper and other base metals at the London Metal Exchange influenced lead prices at futures trade here. (PTI)