Business Standard

Lead down by 0.6% on global trends

A weak trend overseas and subdued domestic demand influenced lead prices

Press Trust of India New Delhi
Tracking a weak trend overseas and subdued domestic demand, lead futures prices today fell by 0.61% to Rs 121.40 per kg after participants reduced their exposures.
 
At the Multi Commodity exchange, lead for delivery in July shed 75 paise, or 0.61%, to Rs 121.40 per kg in business turnover of 809 lots.
 
Metal prices for delivery in August also fell by 70 paise, or 0.57% to trade at Rs 122.25 per kg in 78 lots.
 
Analysts said besides subdued demand from battery-makers in the domestic spot market, a weak trend in base metals after China's manufacturing weakened further in July, led to a fall in lead futures prices here. 
 

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First Published: Jul 24 2013 | 11:36 AM IST

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