Wednesday, March 05, 2025 | 05:52 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Lead futures shed 0.1% in thin trade

Image

Press Trust of India New Delhi

In range-bound activity, lead futures prices today fell marginally by 0.10 per cent to Rs 120.30 per kg, as speculators indulged reducing positions tracking weak trend overseas.

Subdued demand from battery makers at the spot market, also put pressure on the lead futures prices here.

At the Multi Commodity Exchange counter, lead for February delivery fell by 15 paise, or 0.10 per cent, to Rs 120.30 per kg, with a business turnover of 29 lots.

Similarly, the metal for delivery in January, shed 10 paise, or 0.05 per cent, to Rs 120.15 per kg, with a business turnover of 1,612 lots.

Market analysts said weak trend in the entire base metals in overseas markets on weak US economic data and concerns on China's tightening policies, weighed on the lead futures prices here. 

Meanwhile, the London Metal Exchange Index of prices for six industrial metals including copper and aluminium lost 0.8 per cent yesterday.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 14 2011 | 3:53 PM IST

Explore News