Lead prices reversed its previous day’s losses, rising by 0.48 per cent on Friday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 2525 metric tonnes to 205225 metric tonnes as on June 7, 2013. At the MCX, Lead futures, for the June 2013 contract, is trading at Rs 125.60 per kg, up by 0.48 per cent, after opening at Rs 125.35, against a previous close of Rs 125. It touched an intra-day high of Rs 125.80 till the trading. (At 2.50 PM today).

Sentiment improved further as a result of strong demand for the commodity from battery-maker in the spot market in the midst of a high overseas trend.