Lead prices rose by 0.23 per cent to Rs 111.35 per kg in futures trade today, as speculators indulged in covering-up of their pending short positions ahead of monthly expiry, amid rise in spot demand.
However, weakness in metal at the London Metal Exchange (LME), capped the gains.
At the Multi Commodity Exchange counter, lead for delivery in January gained 25 paise, or 0.23 per cent, to Rs 111.35 per kg, with a business turnover of four lots.
Similarly, the metal for delivery in December gained 10 paise, or 0.09 per cent, to Rs 110.30 per kg, with a business volume of 13 lots.
Market analysts said besides covering-up of short positions by speculators ahead of monthly expiry, pick-up in demand from battery manufacturers also influenced lead prices at futures trade.
Lead fell by 0.40 per cent to $2,440 a tonne on the LME.
