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