Lead up 0.5% on short-covering
Prices rose due to rising spot markets demand
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Lead futures for April traded 50 paise, or 0.45% higher at Rs 112.65 per kg in 497 lots.
At the Multi Commodity Exchange (MCX), the May contract rose by 35 paise, or 0.31%, to Rs 113.35 per kg in 24 lots.
Prices rose due to covering-up of short positions by speculators and rising spot markets demand.
Besides, metals's gains at the London Metal Exchange (LME), also gave push to rising prices.
At the Multi Commodity Exchange (MCX), the May contract rose by 35 paise, or 0.31%, to Rs 113.35 per kg in 24 lots.
Prices rose due to covering-up of short positions by speculators and rising spot markets demand.
Besides, metals's gains at the London Metal Exchange (LME), also gave push to rising prices.
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First Published: Apr 09 2013 | 2:24 PM IST