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Lead futures fall 1.04% on low demand

Press Trust of India  |  New Delhi 

Lead prices weakened by 1.04 per cent to Rs 138.35 per kg in futures trading today as speculators trimmed positions on sluggish demand from battery makers in spot markets.

At the Multi Commodity Exchange, lead for delivery this month eased by Rs 1.45, or 1.04 per cent, to Rs 138.35 per kg, in a business turnover of 583 lots.

Similarly, the metal for delivery in May traded lower by Rs 1.35, or 0.96 per cent, to Rs 138.70 per kg in 8 lots.

Traders said that apart from subdued demand from battery makers at the spot market, profit-booking by speculators led to the fall in lead prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 20 2017. 11:48 IST