Lead up 0.5% on short-covering, firm global cues

Metal for delivery in April also rose by 0.48%

Amid covering up of short positions by speculators and rising demand in the spot markets, lead futures prices today rose by 0.53% to Rs 124.10 per kg.

Besides, metal's strength at the London Metal Exchange (LME), also pushed the prices.

At the Multi Commodity Exchange, lead for delivery in March traded 65 paise, or 0.53%, higher at Rs 124.10 per kg, with a turnover of 386 lots.

The metal for delivery in April also rose by 60 paise, or 0.48%, to Rs 125.40 per kg in a business volume of 17 lots.

Marketmen said covering-up of short positions at prevailing levels by speculators amid a firm domestic demand a higher trend in metal overseas, mainly influenced lead prices at futures trade.