Lead down 0.3% on subdued spot demand

Prices fell as speculators reduced their exposures

Press Trust of India New Delhi
Last Updated : Mar 26 2013 | 2:14 PM IST
Lead futures for March fell 35 paise, or 0.30%, to Rs 117.35 per kg in 1,707 lots.

At the Multi Commodity Exchange (MCX), the April contract shed 25 paise, or 0.25%, to Rs 118.35 per kg in 302 lots.

Prices fell as speculators reduced their exposures amid subdued spot markets demand.

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Weak trend in base metals at the London Metal Exchange (LME) on speculation that demand will slow as China will take steps to tame inflation.

Subdued demand from battery-makers, alo triggered fall in lead futures pries.

At LME, lead declined 0.4% to $2,181 per tonne.

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First Published: Mar 26 2013 | 2:12 PM IST

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