Lead down 0.2% on global cues
Prices eased as speculators indulged in reducing exposures
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Lead futures for April fell by 20 paise, or 0.18%, to Rs 109.45 per kg in business turnover of 471 lots.
At the Multi Commodity Exchange (MCX), the May contract fell by a similar margin to Rs 110.50 per kg in 182 lots.
Prices eased as speculators indulged in reducing exposures amid subdued spot demand.
Weak trend in base metals at the London Metal Exchange (LME) as weakness in Japanese and South Korean industrial output added to global demand concerns affected the lead futures trade here.
Besides, subdued demand from battery-makers also supported the downside.
At the Multi Commodity Exchange (MCX), the May contract fell by a similar margin to Rs 110.50 per kg in 182 lots.
Prices eased as speculators indulged in reducing exposures amid subdued spot demand.
Weak trend in base metals at the London Metal Exchange (LME) as weakness in Japanese and South Korean industrial output added to global demand concerns affected the lead futures trade here.
Besides, subdued demand from battery-makers also supported the downside.
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First Published: Apr 30 2013 | 2:20 PM IST