Lead futures trade higher on spot demand, short-covering

NEW DELHI, Oct 31:  Lead futures traded higher by 0.20 per cent to Rs 122.80 per kg today on buying by speculators amid a firming trend in domestic spot market on better demand.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 25 paise, or 0.20 per cent, to Rs 122.80 per kg in a business turnover of 196 lots.
The metal for delivery in current month was up by a similar margin to trade at RS 124.10 per kg in 79 lots.
Market analysts said besides better demand in spot market, covering-up of short positions by speculators, supported the upside. (PTI)


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