 "Lead down by 0.6% on weak global cues")
Lead prices eased by 0.57% to Rs 113.90 per kg in futures trade today as speculators trimmed positions on weakness in base metals overseas and subdued domestic spot demand.
At the Multi Commodity Exchange, lead for delivery in January fell by 65 paise, or 0.57%, to Rs 113.90 per kg in a business turnover of 357 lots.
Likewise, the metal for delivery in February shed 55 paise, or 0.48%, to Rs 115.20 per kg in 65 lots.
This was after oil fell to the lowest in almost six years and the rise in US dollar, dampening demand for commodities priced in the greenback.
Besides, subdued demand in domestic markets weighed on metal prices in futures trade here.
At the Multi Commodity Exchange, lead for delivery in January fell by 65 paise, or 0.57%, to Rs 113.90 per kg in a business turnover of 357 lots.
Likewise, the metal for delivery in February shed 55 paise, or 0.48%, to Rs 115.20 per kg in 65 lots.
Also Read
Marketmen said the fall in lead futures was largely in tandem with a weakening trend in base metals pack at the London Metal Exchange.
This was after oil fell to the lowest in almost six years and the rise in US dollar, dampening demand for commodities priced in the greenback.
Besides, subdued demand in domestic markets weighed on metal prices in 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%