 "Lead declines by 0.2% on subdued spot demand")
Lead prices weakened by 0.22% to Rs 112.85 per kg in futures trade today as speculators offloaded positions driven by subdued demand in the spot market.
However, the metal's strength at the London Metal Exchange, cushioned the fall.
At the Multi Commodity Exchange, lead for delivery in March shed 25 paise, or 0.22%, to Rs 112.85 per kg in a business turnover of two lots.
Market analysts said a weak trend at domestic spot markets on subdued demand from battery makers mainly led to a fall in lead prices at futures trade here.
However, the metal's strength at the London Metal Exchange, cushioned the fall.
At the Multi Commodity Exchange, lead for delivery in March shed 25 paise, or 0.22%, to Rs 112.85 per kg in a business turnover of two lots.
Also Read
Likewise, the metal for delivery in February traded lower by 15 paise, or 0.13%, to Rs 111.70 per kg in 139 lots.
Market analysts said a weak trend at domestic spot markets on subdued demand from battery makers mainly led to a fall in lead prices at futures trade 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%