 "Lead falls by 0.4% on weak global cues")
Lead fell 0.44% to Rs 112.15 per kg in futures trade today after participants reduced exposure amid a weak trend overseas and sluggish domestic demand.
At Multi Commodity Exchange, lead for delivery in October was trading 50 paise, or 0.44%, down at Rs 112.15 per kg, in a business turnover of 523 lots.
Metal for delivery in November too shed 45 paise, or 0.40%, at Rs 113.20 per kg in 74 lots.
Analysts said besides muted demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange after the US Federal Reserve signaled it may raise interest rates in December, strengthening the dollar, weighed on lead futures here.
At Multi Commodity Exchange, lead for delivery in October was trading 50 paise, or 0.44%, down at Rs 112.15 per kg, in a business turnover of 523 lots.
Metal for delivery in November too shed 45 paise, or 0.40%, at Rs 113.20 per kg in 74 lots.
Analysts said besides muted demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange after the US Federal Reserve signaled it may raise interest rates in December, strengthening the dollar, weighed on lead futures here.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%