 "Lead prices drift 0.2% on sluggish demand; global cues")
Lead prices drifted by 0.28% to Rs 125.10 per kg in futures trading today due to sluggish demand from battery-maker in the spot market amid a weak overseas trend.
At the Multi Commodity exchange, lead for delivery in June declined 40 paise, or 0.28%, to Rs 125.10 per kg in business turnover of 1,610 lots.
On similar lines, metal prices for delivery in July were down by 35, or 0.28%, to Rs 125.55 per kg in 88 lots.
Market analysts said besides sluggish demand from battery- makers in the spot market, a weak trend in metal at the London Metal Exchange, mainly kept pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in June declined 40 paise, or 0.28%, to Rs 125.10 per kg in business turnover of 1,610 lots.
On similar lines, metal prices for delivery in July were down by 35, or 0.28%, to Rs 125.55 per kg in 88 lots.
Market analysts said besides sluggish demand from battery- makers in the spot market, a weak trend in metal at the London Metal Exchange, mainly kept pressure on lead prices at futures trade.