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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.
