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Lead futures prices trade lower on profit booking

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:52 AM IST

Lead traded lower by Rs 0.45, or 0.53 per cent to Rs 84.05 per kg, in futures trade today on profit-booking by speculators after the metal rose at the London Metal Exchange.

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

At the Multi Commodity Exchange platform, lead for delivery in May contract shed Rs 0.45, or 0.53 per cent to Rs 84.05 per kg, with an open interest of 4,482 lots.

The metal for delivery in June contract also traded lower by Rs 0.30, or 0.35 per cent at Rs 85.50 per kg, with an open interest of 4,347 lots.

Market analysts attributed the fall in lead prices to profit-taking by speculators after yesterday's gain, but firming trend at the London Metal Exchange capped losses.

At the London Metal Exchange, lead was up by  $6, or 0.33 per cent, to $1,850 per tonne.

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First Published: May 28 2010 | 2:57 PM IST

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