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Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the industrial metal amid pick up in physical demand for lead, from battery-makers, in the domestic spot market.
Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade.
At the MCX, lead futures for January 2017 contract is trading at Rs 155.80 per kg, up by 0.19 per cent, after opening at Rs 154.75, against a previous close of Rs 155.50. It touched the intra-day high of Rs 156.20 (at 11:19 hours).