Lead prices continued their upward trajectory and rose 1.6 per cent to Rs 121.75 per kg at the futures trade today, buoyed by a firming trend overseas amid good spot demand from battery makers.
At the Multi Commodity Exchange, lead for delivery in May added Rs 1.40 or 1.16 per cent to Rs 121.75 per kg with a business turnover of three lots. Likewise, the metal for delivery in March traded higher by 95 paise or 0.78 per cent to Rs 122.30 per kg with an open interest of five lots.
Market analysts said besides a firming trend at the London Metal Exchange, rising demand at the domestic spot market also influenced the futures prices here.
Meanwhile, lead advanced 0.7 per cent to $2,689.50 a tonne on the London Metal Exchange.