Lead futures gain 0.26 per cent on spot demand, global cues

NEW DELHI: Lead futures strengthened by 0.26 per cent to Rs 136.80 per kg on Monday amid demand in the domestic spot market and a firming global trend.

At the Multi Commodity Exchange, lead for delivery in August traded higher by 35 paise, or 0.26 per cent, to Rs 136.80 per kg, with a turnover of 31 lots. The metal for delivery in July gained 25 paise, or 0.18 per cent, to Rs 136.20 per kg in a business volume of 258 lots.

Marketmen said apart from domestic demand, particularly from battery-makers, the metal's gain in overseas market, supported the upside in lead prices at futures trade.