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Lead down 1.66% in futures trade

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 3:13 AM IST

Lead traded lower by Rs 1.40, or 1.66 per cent to Rs 83.15 per kg in futures trade, after traders reduced positions, driven by poor global trend.

Weak demand for the commodity at physical markets from the consuming industries also kept pressure on the lead futures prices.

At the Multi Commodity Exchange, lead for July contract shed Rs 1.40, or 1.66 per cent, to Rs 83.15 per kg, clocking a turnover of 72 lots.

The metal for delivery in current-month, June contract also traded lower by Rs 1.35, or 1.62 per cent, at Rs 82 per kg, with a turnover of 1,219 lots.

Analysts said a weak trend in lead and other base metals pack, at the London Metal Exchange on euro zone debt crisis and worries about slowing economic growth in China, led to a fall in lead prices at futures market here.

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First Published: Jun 02 2010 | 1:23 PM IST

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