Lead futures prices rebounded to trade marginally up by Rs 0.80, or 0.97 per cent, at Rs 83.05 per kg today, as traders covered up their short positions, driven by better trend overseas.
On the Multi Commodity Exchange counter, lead for delivery in July contract rose Rs 0.80, or 0.97 per cent, to Rs 83.05 per kg, clocked a business volume of 20 lots.
The metal for delivery in August contract edged up by Re one, or 0.96 per cent, to Rs 74.20 per kg, with a business turnover of seven lots.
Analysts said firming trend in entire base metals pack at the London Metal Exchange, after positive US job data for the month of June, boosting confidence in the global economic recovery, mainly influenced the lead prices at futures market here.
Meanwhile, at the London Metal Exchange, lead for three- month delivery added 1.2 per cent to $1,774 a tonne.