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Lead succumbs to profit taking, down 0.44%

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:14 AM IST

Lead prices fell by Rs 0.45, or 0.44 per cent, to Rs 101.15 per kg in futures trade today, as traders indulged in booking profits amid weak trend overseas.

Weak trend at the physical market due to sluggish demand was another factor behind the fall in lead futures prices.

At the Multi Commodity Exchange counter, lead for delivery in September-month contract fell by Rs 0.45, or 0.44 per cent, to Rs 101.15 per kg, with a turnover of 21 lots.

The metal for delivery in August also fell by Rs 0.40, or 0.40 per cent to Rs 100.15 per kg, with a turnover of 472 lots.

Marketmen said weak trend in most of the base metals in global markets and slack demand at the domestic markets mainly attributed to the fall in lead prices at futures market here.

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First Published: Aug 10 2010 | 1:11 PM IST

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