Lead regained strength as its prices rose by 0.92 per cent in futures trade today, as speculators enlarged their positions, driven by a partial recovery in base metals at the London Metal Exchange (LME).
At the Multi Commodity Exchange, lead for delivery in March traded higher by Rs 1.05, or 0.92 per cent, to Rs 115.25 per kg, with a business turnover of 839 lots.
Similarly, the metal for delivery in April gained Re 1, or 0.87 per cent, to Rs 115.40 per kg, with a business volume of 62 lots.
Market analysts said besides covering-up of pending short positions by speculators and firming trend in copper and other base metals at the London Metal Exchange, pick-up in spot demand from battery makers also influenced lead futures prices here.
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