Lead prices moved up by 0.76 per cent to Rs 145.70 per kg in futures market Friday as traders built up fresh positions after upsurge in demand at the spot markets.
At the Multi Commodity Exchange, lead for delivery in September went up by Rs 1.10, or 0.76 per cent to Rs 145.70 per kg in business turnover of 398 lots.
Analysts said fresh positions created by participants after pick up in demand from battery-makers in the physical market mainly led to the rise in lead prices at futures trade.
Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.