Don’t miss the latest developments in business and finance.

Lead futures down 0.59% on sluggish demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:57 AM IST

Lead prices fell by Rs 0.50, or 0.59 per cent, to Rs 84.70 per kg in futures trade today, after tracking a weak trend in the spot market amid sluggish demand for the metal.

Profit-booking by speculators at existing prices also put pressure on the lead prices in futures trade.

At the Multi Commodity Exchange, lead for July contract shed Rs 0.50, or 0.59 per cent, to Rs 84.70 per kg, with an open interest of 1,888 lots.

The metal for delivery in June contract also traded lower by Rs 0.30, or 0.36 per cent, at Rs 83.90 per kg, with an open interest of 6,032 lots.

Analysts said fall in demand at the physical market and subdued trend in most of the base metals overseas, led to a fall in lead futures prices.

Also Read

First Published: Jun 25 2010 | 2:01 PM IST

Next Story