 "Lead down by 0.4% on muted demand")
Lead prices drifted 0.41% to Rs 110.35 per kg in futures trading today as speculators lightened positions, driven by sluggish demand in the spot market amid a weak global trend.
At Multi Commodity Exchange, lead for delivery in far-month January 2016 declined by 45 paise, or 0.41% to Rs 110.35 per kg in business turnover of 9 lots.
Similarly, the metal for delivery in December contracts shed 35 paise, or 0.32% to Rs 109.65 per kg in 1,250 lots.
Market analysts said besides a weak trend in the base metal in global markets, muted demand from consuming industries in the domestic spot market mainly kept lead prices lower at futures trade.
At Multi Commodity Exchange, lead for delivery in far-month January 2016 declined by 45 paise, or 0.41% to Rs 110.35 per kg in business turnover of 9 lots.
Similarly, the metal for delivery in December contracts shed 35 paise, or 0.32% to Rs 109.65 per kg in 1,250 lots.
Market analysts said besides a weak trend in the base metal in global markets, muted demand from consuming industries in the domestic spot market mainly kept lead prices lower at futures trade.
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