Lead up on spot demand, short-covering

Domestic demand from battery-makers helped in pushing prices higher

In range-bound movements, lead futures prices rose 0.21% to Rs 120.90 per kg today as speculators created some positions amid a firm spot markets trend on pick up in demand even as the metal weakened at the London Metal Exchange.

At the Multi Commodity Exchange, lead for delivery in December traded 25 paise, or 0.21%, higher at Rs 120.90 per kg, with a turnover of 122 lots.

The metal for delivery in November also rose by 20 paise, or 0.17%, to trade at Rs 121.25 per kg, with a turnover of 1,576 lots.

Marketmen said besides domestic demand from battery-makers, covering-up of short positions by speculators, helped lead to trade higher at futures trade.