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

Lead futures fall 0.64% in thin trade

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:17 AM IST

Tracking subdued trend in the entire base metals, lead fell by 65 paise, or 0.64 per cent, to Rs 100.45 per kg in futures trading today.

Subdued spot demand in domestic markets and a weak trend in base metals at the London Metal Exchange on firm dollar mainly weighed on the lead futures.

At the Multi Commodity Exchange counter, lead for delivery in current-month September weakened by 65 paise, or 0.64 per cent, to Rs 100.45 per kg, clocked a turnover of 37 lots.
    
The metal for delivery in October contract also traded 45 paise, or 0.54 per cent, down at Rs 101.55 per kg, with a business turnover of one lot.
    
Market analysts attributed the fall in lead futures to weakness in entire base metals overseas, as strong dollar weighed on the commodities and slack demand at the domestic markets.

Also Read

First Published: Sep 28 2010 | 1:08 PM IST

Next Story