Lead futures slide 0.13% on muted demand, overseas trends
In futures trade at the Multi Commodity Exchange, lead for delivery in May eased by 15 paise or 0.13 per cent to Rs 114.85 per kg in a business turnover of five lots.
By PTI | Updated:
NEW DELHI: Amid weak domestic demand and bearish global trend, lead prices were down by 0.13 per cent to Rs 114.85 per kg in futures trading today as traders trimmed their positions.
In futures trade at the Multi Commodity Exchange, lead for delivery in May eased by 15 paise or 0.13 per cent to Rs 114.85 per kg in a business turnover of five lots.
Similarly, the metal for delivery in April shed 10 paise or 0.09 per cent to Rs 114.15 per kg in 393 lots.
Market analysts said the fall in lead futures was due to sluggish demand from battery-makers and other consuming industries at domestic spot markets, and a weak trend in the base metals at the London Metal Exchange ( LME).
At the LME, lead fell by more than 0.9 per cent.
In futures trade at the Multi Commodity Exchange, lead for delivery in May eased by 15 paise or 0.13 per cent to Rs 114.85 per kg in a business turnover of five lots.
Similarly, the metal for delivery in April shed 10 paise or 0.09 per cent to Rs 114.15 per kg in 393 lots.
Market analysts said the fall in lead futures was due to sluggish demand from battery-makers and other consuming industries at domestic spot markets, and a weak trend in the base metals at the London Metal Exchange ( LME).
At the LME, lead fell by more than 0.9 per cent.
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