In range-bound movements, lead prices edged up by 0.75 per cent to Rs 115.15 per kg in futures trade on Friday, largely in tandem with a firming trend at the domestic spot markets on pick-up demand.
However, metal’s weakness at the London Metal Exchange restricted gains.
At the Multi Commodity Exchange, lead for delivery in July moved up by 40 paise, or 0.75 per cent, to Rs 115.15 per kg, with a business turnover of 37 lots.
The metal for delivery in June traded 40 paise, or 0.35 per cent higher, at Rs 114.45 per kg, with an open interest of 516 lots.
Market analysts said a better trend at the spot markets on pick-up in industrial demand helped lead prices to rise, but weakness in metal at the LME limited the gains.
Meanwhile, lead fell by 0.20 per cent to USD 2,545 a tonne at the London Metal Exchange, in early trade on Friday.