Lead prices strengthened by 0.54% in futures trade today supported by covering-up of short positions by speculators and a firming trend overseas.
At the Multi Commodity Exchange, lead for delivery in April traded higher by 65 paise, or 0.54%, to Rs 120.35 per kg, with a business turnover of two lots.
Similarly, the metal for delivery in March gained 60 paise, or 0.50%, to Rs 120.75 per kg, with a business volume of six lots.
At the London Metal Exchange (LME), lead gained 0.2% to $2,650 a tonne.
Market analysts said besides covering-up of short positions by speculators, a firming trend in copper and other base metals at the LME influenced lead futures prices.
