Lead up by 0.2% on spot demand
Speculators widened positions on the back of rising spot demand despite weakness in metals
 "Lead up by 0.2% on spot demand")
Lead today rose 0.23% to Rs 109.35 per kg in futures trade today as speculators widened positions on the back of rising spot demand despite weakness in metals at the London Metal Exchange.
Besides, covering up of short positions by participants in view of ending monthly settlement also influenced prices.
At the Multi Commodity Exchange, lead for delivery this month was trading 25 paise, or 0.23%, higher at Rs 109.35 per kg with a turnover of 559 lots.
Marketmen said apart from fresh positions created by speculators following better demand from domestic battery-makers, covering-up of short positions, influenced lead prices.
Besides, covering up of short positions by participants in view of ending monthly settlement also influenced prices.
At the Multi Commodity Exchange, lead for delivery this month was trading 25 paise, or 0.23%, higher at Rs 109.35 per kg with a turnover of 559 lots.
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The metal for delivery in August also rose 10 paise, or 0.09%, to trade at Rs 110.35 per kg, in a business turnover of 304 lots.
Marketmen said apart from fresh positions created by speculators following better demand from domestic battery-makers, covering-up of short positions, influenced lead prices.