Lead down 0.9% on subdued spot demand, global cues
Lead for delivery in September also fell by 0.68%
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Lead prices fell by 0.91% to Rs 147.65 per kg in futures trade today as speculators reduced exposure on subdued spot demand amid a weak trend in the entire base metals overseas.
At the Multi Commodity Exchange, lead for delivery in August fell by Rs 1.35, or 0.91%, to Rs 147.65 per kg in business turnover of 655 lots.
Lead for delivery in September also fell by rupee one, or 0.68%, to Rs 147.10 per kg in a turnover of 313 lots.
Marketmen said besides subdued demand from domestic consuming industries, weakness in copper and other base metals overseas on renewed concerns tapering of stimulus in the US curbs demand of industrial metals.
Globally, lead retreated 0.8% to USD 2,194 per tonne at the London Metal Exchange.
At the Multi Commodity Exchange, lead for delivery in August fell by Rs 1.35, or 0.91%, to Rs 147.65 per kg in business turnover of 655 lots.
Lead for delivery in September also fell by rupee one, or 0.68%, to Rs 147.10 per kg in a turnover of 313 lots.
Marketmen said besides subdued demand from domestic consuming industries, weakness in copper and other base metals overseas on renewed concerns tapering of stimulus in the US curbs demand of industrial metals.
Globally, lead retreated 0.8% to USD 2,194 per tonne at the London Metal Exchange.
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First Published: Aug 30 2013 | 12:49 PM IST