Business Standard

Lead weakens marginally on global cues

Subdued demand from battery-makers also affected prices

Press Trust of India New Delhi
Lead prices shed 0.04% to Rs 134.15 per kg in futures trading today as speculators trimmed positions amidst a weak global trend and subdued demand from battery-makers in the spot market.

At the Multi Commodity exchange, lead for delivery in August eased by five paise, or 0.04%, to Rs 134.15 per kg in a business turnover of four lots.

The metal for delivery in September fell by a similar margin to trade at Rs 134.85 per kg in four lot.

Analysts said besides low demand from battery-makers in the domestic spot market, a weak trend in the metal at the London Metal Exchange (LME), weighed on lead futures here.

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First Published: Aug 19 2014 | 11:35 AM IST

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