Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators started building up fresh bets in the industrial metal on uptick in physical demand for lead, from battery-makers, in the domestic spot market. Further, a surge in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade.
At the MCX, lead futures for April 2017 contract is trading at Rs 137.25 per kg, up by 0.18 per cent, after opening at Rs 137.60, against a previous close of Rs 137. It touched the intra-day high of Rs 137.75 (at 10:59 hours).
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