Business Standard

Lead loses 0.18% on weak global cues

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Press Trust of India New Delhi

Lead prices fell marginally by 0.18% to Rs 109.65 per kg in futures trade today as speculators offloaded their positions in tandem with a weakening global trend.

At the Multi Commodity Exchange, lead for delivery in February fell by 20 paise, or 0.18%, to Rs 109.65 per kg, with a business turnover of 2,816 lots.

The March contract shed 15 paise, or 0.14%, to Rs 110.60 per kg, with a trading volume of 168 lots.

Market analysts said besides a weakening global trend, fall in spot market demand pulled down lead futures prices.

Meanwhile, lead traded a shade lower at $2,236.50 per tonne on the London Metal Exchange.

 

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First Published: Feb 02 2012 | 3:02 PM IST

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