Business Standard

Lead down by 0.3% on global trends

Subdued demand from battery-makers also affected prices

Press Trust of India New Delhi
Tracking a weak trend overseas and subdued domestic demand, lead futures fell 0.32% to Rs 130.85 per kg in today after participants reduced exposures.

At the Multi Commodity exchange, lead for delivery in March shed 50 paise, or 0.32%, to Rs 130.85 per kg in a business turnover of 253 lots.

Metal prices for delivery in April also fell by 40 paise, or 0.30%, to trade at Rs 132.05 per kg in three lots.

Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in base metals at the London Metal Exchange on slowing growth in China, the world's biggest user, led to a fall in lead futures prices here.

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First Published: Mar 04 2014 | 11:25 AM IST

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