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Lead futures trade higher on spot demand

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Supported by pick up in demand at the domestic spot markets, lead futures traded higher by 0.33 per cent higher as speculators enlarged positions.

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At the Multi Commodity Exchange, lead for delivery in October traded higher by 50 paise, or 0.33 per cent, to Rs 150.65 per kg, in a business turnover of 2,963 lots.

Market analysts said, apart from strong demand from battery-makers in spot market, a better trend in select base metals overseas, mainly influenced lead futures.

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