Lead gained Rs 0.70, or 0.82 per cent, to Rs 85.65 per kg in futures trade today as traders covered up their short positions, driven by a positive trend on the London Metal Exchange and a pick-up in domestic demand.
On the Multi Commodity Exchange counter, lead for August contract delivery rose Rs 0.70, or 0.70 per cent, to Rs 85.85 per kg, clocking a business volume of one lot.
In a similar fashion, the July delivery lead contracts moved up by Rs 0.60, or 0.71 per cent, to Rs 84.65 per kg, with a business turnover of 15 lots.
Analysts said the firming trend on the London Metal Exchange in the entire base metals pack in yesterday's session, along with covering-up of short positions by speculators, helped lead futures to trade higher.
Meanwhile, at the London Metal Exchange, lead rose 0.84 per cent to $1,795 per tonne.
