Business Standard

Lead futures slide 0.21% on low spot demand, profit-booking

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Press Trust of India New Delhi
Lead prices softened 0.21 per cent to Rs 164.20 per kg in futures trade today due to a sluggish domestic demand and profit-booking by speculators.

At the Multi Commodity Exchange, lead for delivery in current month moved down by 35 paise, or 0.21 per cent, to Rs 164.20 per kg in business turnover of 196 lots.

The metal for delivery in January fell by a similar margin to trade at Rs 164.30 per kg in a business turnover of 2 lots.

Analysts said besides a sluggish demand from battery makers in the spot market, trimming of positions by traders to book profits at current levels led to a fall in lead prices at futures trade.

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First Published: Dec 04 2017 | 1:00 PM IST

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