NEW DELHI, May 27: Taking positive cues from global markets, lead prices were up 0.32 per cent to Rs 124.05 per kg in futures trade today as traders enlarged positions.
Besides, rising demand from battery-makers in the spot market supported the upside.
Lead for delivery in May contracts was up by 40 paise, or 0.32 per cent, at Rs 124.05 per kg in business turnover of 96 lots at the Multi Commodity Exchange.
Likewise, the metal for delivery in the next month contracts traded up by a similar margin to Rs 124.95 per kg in 10 lots.
Analysts said that apart from rising demand from battery-makers, a firm trend overseas as better-than-expected US new home sales and gains in Chinese industrial profits boosted the outlook for demand. (PTI)
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