Supported by firming demand at physical markets, lead prices rose marginally by Rs 0.35, or 0.35 per cent, to Rs 101.20 per kg in futures trade today even as the base metals soften in overseas markets.
At the Multi Commodity Exchange platform, lead for delivery in August contract gained Rs 0.35, or 0.35 per cent, at Rs 101.20 per kg, clocked a turnover of 8,085 lots.
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Similarly, the metal for delivery in September contract gained Rs 0.25, or 0.25 per cent, at Rs 102.10 per kg, with a business turnover of 491 lots.
Analysts attributed the marginal rise in lead futures prices to better demand from battery makers but weakness in metal at the London Metal Exchange (LME) on weak US economic data restricted gains.
Meanwhile, at the LME, lead dropped by 1 per cent to $2,197 a tonne.
