Lead prices rose by 0.72 per cent on Tuesday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange on account of the strong demand for the commodity. LME lead stocks fell by 1050 metric tonnes to 187325 metric tonnes as on February 2, 2016. At the MCX, Lead futures, for the February 2016 contract, is trading at Rs 119.65 per kg, up by 0.72 per cent, after opening at Rs 118.25, against a previous close of Rs 118.80. It touched an intra-day high of Rs 120 till the trading. Prices also rose as a result of high demand for the commodity from battery-maker in the spot market in the midst of strong overseas trend.
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